Malaysian palm oil futures tumbled around the MYR 3,500-per-tonne mark, close to not seen since June 2021, pressured by prospects of increasing supplies and weak global demand. The output from Indonesia and Malaysia, the world's top producers, is expected to rise sharply over the following months as both countries enter the peak production season. Malaysia's palm oil inventories at the end-August surged roughly 15% to 2.03 million tonnes, the highest since April 2020, while exports from the country are seen lower. Adding to the bearish outlook, essential buyer China imposed new coronavirus-induced restrictions in several cities, raising concerns over demand for the edible oil. On top of that, rival Indonesia extended the export waiving levy until the end of October, which, coupled with high export volumes, will boost exports from the world's largest producer.

Historically, Palm Oil reached an all time high of 7268 in March of 2022. Palm Oil - data, forecasts, historical chart - was last updated on September of 2022.

Palm Oil is expected to trade at 3756.44 MYR/MT by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. Looking forward, we estimate it to trade at 3318.35 in 12 months time.

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Palm Oil

Price Day Month Year
Soybeans 1,478.00 7.25 0.49% -2.05% 15.90%
Wheat 822.32 11.82 1.46% 2.82% 21.83%
Palm Oil 3,640.00 99.00 2.80% -11.46% -14.91%
Cocoa 2,286.00 -34.00 -1.47% -3.26% -15.74%
Cotton 108.32 1.15 1.07% 3.62% 14.55%
Rubber 130.70 0% -14.18% -18.21%
Orange Juice 177.55 1.65 0.94% 0.25% 23.08%
Coffee 225.85 -1.35 -0.59% 6.16% 21.75%
Oat 390.75 -0.2500 -0.06% -11.19% -19.22%
Rice 17.02 0.1900 1.13% 0.41% 28.71%
Canola 774.30 4.50 0.58% -9.54% -9.30%
Sugar 17.96 0.03 0.17% -1.75% -4.42%
Tea 3.18 0% 12.37% -0.31%
Corn 677.86 3.3557 0.50% 9.11% 34.83%

Palm Oil
Crude Palm oil is vegetable oil and it's used primarily in processed food. Indonesia and Malaysia constitute 85% of the world's palm oil supply followed by Nigeria, Thailand and Colombia. The contract size is 25 metric tons and it's traded at Bursa Malaysia. The Palm oil prices displayed in 王者荣耀电竞(江西)积分排榜 are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. 王者荣耀电竞(江西)积分排榜 does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
3639.00 3541.00 7268.00 429.00 1980 - 2022 MYR/MT Daily