Why are Palm Oil Prices so high?
30-01-2026 - Over the past month, the price of palm oil has risen from 4,070.0 MYR/t to 4,317.0 MYR/t, indicating a strengthening market for this commodity. This increase may be attributed to potential supply constraints or heightened demand. The forecast predicts a slight decrease to 4,281.79 MYR/t, down 0.8% from the current price, suggesting a generally stable trend with minimal risk of significant price fluctuations.
The current forecast highlights upward price pressure on raw materials driven by global economic demand, with an impact of 21.52 MYR/t. However, this is balanced by downward pressures from supply flows and technical data, resulting in mixed market signals. The Malaysian Palm Oil Council (MPOC) anticipates that palm oil prices will remain within a range of RM3,800 to RM4,100 in January 2026, supported by a balanced supply-demand outlook. This projection aligns with the forecast of a slight price decrease to 4,281.79 MYR/t for the upcoming month, suggesting a stable market without significant upward movement.
The current forecast highlights upward price pressure on raw materials driven by global economic demand, with an impact of 21.52 MYR/t. However, this is balanced by downward pressures from supply flows and technical data, resulting in mixed market signals. The Malaysian Palm Oil Council (MPOC) anticipates that palm oil prices will remain within a range of RM3,800 to RM4,100 in January 2026, supported by a balanced supply-demand outlook. This projection aligns with the forecast of a slight price decrease to 4,281.79 MYR/t for the upcoming month, suggesting a stable market without significant upward movement.
What is the current / spot price of Palm Oil?
Palm Oil Price Today
January 30, 2026
Current Price
4317
What is the forecast for the price of Palm Oil?
Palm Oil Price Forecast
January 30, 2026
1 Month Forecast
4281.79
1 Year Forecast
4322.85
What are the short-term drivers of Palm Oil prices?
Over the 1 Month horizon the outlook is moderately 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) - Seasonality trends for the prediction week of year
What are the long-term drivers of Palm Oil prices?
Over the 1 Year horizon the outlook is moderately bullish due to drivers such as: - Palm Oil imports to China - Palm Oil BMD Stocks - The shape of the futures curve Br(None) The top contrary drivers for the 1 Year horizon are: - Movements in the Chinese Yuan - Palm Oil imports to India
Will the price of Palm Oil go up?
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