Why are Palm Oil Prices so high?
06-02-2026 - Over the past month, the price of palm oil has risen from 3,990.0 MYR/t to 4,206.0 MYR/t, indicating a strengthening market for this commodity. This increase may be due to supply constraints or heightened demand. However, the forecast suggests a slight decline, predicting a price of 4,126.02 MYR/t, which is 1.9% lower than the current price. This points to a generally stable to slightly downward trend, with moderate risk of price fluctuations in the raw material market.
The forecast also highlights downward price pressure on raw materials, primarily influenced by Flows data, which has a significant impact of -14.55 MYR/t. Within Flows, Seaborne Imports & Exports are the most influential factors, and all data types consistently show declining trends.
Recent analyses support the forecast of a potential decrease in palm oil prices, aligning with the predicted price of 4,126.02 MYR/t for the upcoming month. According to a report by IndexBox dated January 16, 2026, palm oil futures on the Malaysian commodity exchange are expected to average lower in 2026 compared to 2025. This anticipated decline is attributed to increased supplies from major producers, Indonesia and Malaysia, leading to a more favorable supply outlook.
The forecast also highlights downward price pressure on raw materials, primarily influenced by Flows data, which has a significant impact of -14.55 MYR/t. Within Flows, Seaborne Imports & Exports are the most influential factors, and all data types consistently show declining trends.
Recent analyses support the forecast of a potential decrease in palm oil prices, aligning with the predicted price of 4,126.02 MYR/t for the upcoming month. According to a report by IndexBox dated January 16, 2026, palm oil futures on the Malaysian commodity exchange are expected to average lower in 2026 compared to 2025. This anticipated decline is attributed to increased supplies from major producers, Indonesia and Malaysia, leading to a more favorable supply outlook.
What is the current / spot price of Palm Oil?
Palm Oil Price Today
February 6, 2026
Current Price
4206
What is the forecast for the price of Palm Oil?
Palm Oil Price Forecast
February 9, 2026
1 Month Forecast
4126.02
1 Year Forecast
4126.54
What are the short-term drivers of Palm Oil prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - The shape of the futures curve - Short term price trends Br(None) The top contrary drivers for the 1 Month horizon are: - The shape of the futures curve (adjusted for the risk free rate and price volatility) - EWMA-based technical analysis
What are the long-term drivers of Palm Oil prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Movements in the Chinese Yuan - Palm Oil imports to India Br(None) The top contrary drivers for the 1 Year horizon are: - Palm Oil imports to China - Palm Oil BMD Stocks - The shape of the futures curve
Will the price of Palm Oil go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
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ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
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