Palm Oil Prices

30-09-2026 - Over the past month, the price of palm oil has decreased from 4,894.0 MYR per tonne to 4,624.0 MYR per tonne, indicating a downward trend in the raw material market. This decline suggests potential shifts in supply and demand dynamics. The forecast predicts a further decrease to 4,522.33 MYR per tonne, a 2.2% drop from the current price, highlighting a generally bearish outlook. This trend is primarily driven by technical data, which exerts a -52.61 MYR per tonne impact on prices. Although demand data suggests some upward pressure, the overall market sentiment remains negative due to declining flows, supply, and technical indicators.

The forecast aligns with external analyses, which also predict a decline in the BMD Palm Oil market. According to a report by Databoks, crude palm oil (CPO) prices on the Rotterdam commodity exchange fell by 7.98% month-on-month in October 2023, reaching US$865 per tonne. The Food and Agriculture Organization (FAO) attributes this decline to increased seasonal production in major producing countries and sustained weak global import demand.

This external analysis supports the forecast, indicating a consistent expectation of declining CPO prices in the near term. The market faces potential volatility, with raw material prices under significant downward pressure.