Crude palm oil futures declined below RM2,600 per tonne, dragged down by prospects of weak exports in October after recent data showed sales of Malaysian palm oil products fell by 2.12% from a month earlier during Oct 1-15. Earlier in the month, the US banned imports of palm oil from Malaysian company FGV Holdings, one of the world’s top producers, following an investigation into allegations it uses forced labour. The move is expected to hurt more than 32,000 farmers. Meantime, heavy rain brought on by La Nina has started to disrupt production in Southeast Asian palm oil-producing countries. But going forward, Indonesia production, accounting for more than half the world’s palm oil, could rise by 4% to a record high in 2021 after La Nina rains drench plantations and boost yields.

Historically, Palm Oil reached an all time high of 4298 in March of 2008. Palm Oil - data, forecasts, historical chart - was last updated on October of 2020.

Palm Oil is expected to trade at 2429.73 MYR/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2087.23 in 12 months time.

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Palm Oil


Palm Oil
Crude Palm oil is a vegetable oil and it's used primarily in processed food. The biggest producers of palm oil are: Indonesia, Malaysia, Nigeria, Thailand and Colombia. The contract size is 25 metric tons and it's traded at Bursa Malaysia. The Palm oil prices displayed in Trading Economics 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. Trading Economics does not verify any data and disclaims any obligation to do so.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
38.7300 1.12 -2.81% -5.14% -4.61% -36.71% Oct/26
Brent
USD/Bbl
40.6800 1.09 -2.61% -4.55% -4.12% -38.73% Oct/26
Natural gas
USD/MMBtu
3.0090 0.04 1.28% 7.66% 7.46% 40.06% Oct/26
Gasoline
USD/Gal
1.1219 0.02 -1.49% -3.16% -10.32% -34.65% Oct/26
Heating oil
USD/Gal
1.1202 0.03 -2.70% -2.73% -1.80% -44.71% Oct/26
Ethanol
USD/Gal
1.5100 0.01 -0.66% 2.79% 13.53% 8.08% Oct/26
Naphtha
USD/T
379.18 1.82 -0.48% -1.01% 3.29% -29.27% Oct/23
Propane
USD/Gal
0.52 0.00 0.04% 0.13% 6.27% 18.03% Oct/23
Uranium
USD/Lbs
29.2500 0.00 0.00% 0.00% -2.50% 17.71% Oct/23

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,900.55 0.24 -0.01% -0.20% 1.05% 24.36% Oct/26
Silver
USD/t.oz
24.190 0.39 -1.59% -1.27% 2.02% 34.24% Oct/26
Platinum
USD/t.oz
873.06 28.44 -3.15% 1.94% -0.68% -9.34% Oct/26

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,080.2500 6.25 -0.58% 2.49% 8.51% 12.87% Oct/26
Wheat
USd/Bu
622.5000 10.25 -1.62% -0.64% 13.23% 10.89% Oct/26
Cheese
USD/Lbs
2.3010 0.01 0.31% 1.23% 30.44% 27.55% Oct/26
Palm Oil
MYR/T
2,638.00 82.00 3.21% 5.44% 1.77% -4.63% Oct/26
Milk
USD/CWT
21.63 0.00 0.00% 1.17% 32.62% 26.79% Oct/23
Wool
AUD/100Kg
1,219.00 0.00 0.00% 9.13% 17.66% -21.76% Oct/23
Tea
USD/Kgs
2.68 0.00 0.00% 0.00% 5.10% 7.20% Oct/23
Lumber
USD/1000 board feet
515.30 16.10 -3.03% -3.50% -10.94% 26.70% Oct/23
Rubber
JPY/Kg
292.70 27.30 10.29% 21.40% 31.37% 66.12% Oct/27
Rice
USD/cwt
12.3500 0.01 0.04% -0.80% -0.88% -4.52% Oct/26
Canola
CAD/T
551.90 1.90 0.35% 3.53% 7.31% 17.05% Oct/26
Orange Juice
USd/Lbs
114.80 0.20 -0.17% -1.75% 7.19% 21.03% Oct/26
Cotton
USd/Lbs
71.43 0.14 0.20% 0.38% 10.92% 3.12% Oct/26
Cocoa
USD/T
2,504.00 25.00 1.01% 3.26% -3.21% -1.11% Oct/26
Coffee
USd/Lbs
106.15 0.55 0.52% 0.09% -3.10% -16.48% Oct/26
Sugar
USd/Lbs
14.56 0.16 -1.09% -1.09% 15.65% 10.89% Oct/26
Oat
USd/Bu
302.0000 1.50 -0.49% 2.11% 11.03% 1.34% Oct/26
Corn
USd/BU
416.0000 3.00 -0.72% 2.91% 13.66% 7.42% Oct/26

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
17.74 0.12 0.68% 2.48% 7.13% 23.37% Oct/23
Poultry
BRL/Kgs
6.16 0.05 0.82% 0.16% 3.01% 15.14% Oct/23
Feeder Cattle
USd/Lbs
133.5250 0.30 -0.22% -3.31% -6.20% -7.69% Oct/23
Live Cattle
USd/Lbs
103.3500 0.03 0.02% -3.55% -4.33% -17.70% Oct/23
Lean Hogs
USd/Lbs
67.0250 0.83 1.25% -3.98% -3.49% -6.32% Oct/23

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.0750 0.06 -1.99% -0.16% 3.17% 9.15% Oct/26
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -21.21% Oct/26
Bitumen
CNY/T
2,460.00 18.00 -0.73% 0.00% 18.27% -19.97% Oct/26
Steel
CNY/T
3,611.00 17.00 -0.47% -0.55% -0.44% -3.50% Oct/26
Coal
USD/T
58.52 0.42 0.72% 1.54% -4.30% -16.02% Oct/23
Cobalt
USD/T
33,305.00 0.00 0.00% 0.00% -2.62% 1.69% Oct/23
Lead
USD/T
1,770.75 26.25 -1.46% 2.19% -3.38% -7.46% Oct/23
Nickel
USD/T
15,678.75 105.25 -0.67% 0.45% 10.27% 12.39% Oct/23
Molybdenum
USD/Kg
20.70 0.00 0.00% 0.00% -1.33% -6.12% Oct/23
Iron Ore
USD/T
117.00 2.50 -2.09% -1.27% 0.00% 27.17% Oct/23
Aluminum
USD/T
1,843.25 0.50 0.03% 0.11% 5.16% 2.15% Oct/26
Tin
USD/T
17,877.50 535.00 -2.91% -3.87% 3.03% 4.00% Oct/26
Zinc
USD/T
2,539.75 9.25 -0.36% 2.20% 4.46% 9.95% Oct/26
Palladium
USD/t.oz
2,368.41 24.59 -1.03% 1.07% 5.02% 22.11% Oct/26
Manganese
CNY/T
29.50 0.00 0.00% -2.48% -3.28% -6.35% Oct/23
Soda Ash
CNY/T
1,866.67 16.66 -0.88% -0.88% 2.75% 19.15% Oct/26
Neodymium
CNY/T
440,000.00 0.00 0.00% 1.62% -0.90% 21.55% Oct/23
Iron Ore 62% fe
USD/T
121.0200 0.32 -0.26% -0.35% -2.38% 30.72% Oct/23
Rhodium
USD/t oz.
14,700.00 0.00 0.00% 6.14% 5.00% 142.98% Oct/23

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
1,415.00 14.00 1.00% -4.20% -11.84% 44.98% Oct/23
CRB Index
Index Points
160.08 1.15 -0.71% -0.52% 1.58% -18.59% Oct/23
LME Index
Index Points
3,085.80 22.30 -0.72% 1.32% 5.82% 8.53% Oct/23
S&P GSCI
Index Points
1,752.94 13.26 -0.75% -1.06% 2.01% -32.37% Oct/23