Malaysian palm oil futures receded to MRY 3,400 a tonne in February, after the world’s biggest buyer India imposed an additional 17.5% tax on oilseeds imports to promote farmers to increase domestic output. Also, China completed restocking for the Lunar New Year and global buyers have been discouraged to buy palm oil as it has been very expensive compared with soybean oil in global markets. China National Grain and Oils Information Center said purchases may drop 8.8% to a 3-year low in 2020-2021. Palm oil doubled in price from its low in May and reached a 10-year high on January 6th amid tight supplies in Malaysia, the second-largest producer.

Historically, Palm Oil reached an all time high of 4298 in March of 2008. Palm Oil - data, forecasts, historical chart - was last updated on February of 2021.

Palm Oil is expected to trade at 3376.53 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 2900.56 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
 57.5900 0.38 -0.66% 5.17% 10.22% 18.69% Feb/09
Brent
USD/Bbl
 60.3700 0.19 -0.31% 5.06% 8.46% 16.54% Feb/09
Natural gas
USD/MMBtu
2.7990 0.08 -2.88% -1.62% 1.89% 10.24% Feb/09
Gasoline
USD/Gal
 1.6616 0.01 -0.79% 2.82% 9.26% 17.84% Feb/09
Heating oil
USD/Gal
 1.7450 0.00 -0.16% 4.20% 10.90% 17.59% Feb/09
Ethanol
USD/Gal
 1.7100 0.00 0.00% 4.27% 12.50% 19.33% Feb/08
Naphtha
USD/T
 540.95 8.51 1.60% 5.39% 8.10% 25.02% Feb/08
Propane
USD/Gal
 0.88 0.01 1.41% 0.66% 1.71% 35.66% Feb/08
Uranium
USD/Lbs
 29.6500 0.05 -0.17% -1.33% -3.26% -3.42% Feb/05

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
 1,845.25 15.09 0.82% 0.43% 0.03% -2.70% Feb/09
Silver
USD/t.oz
 27.636 0.38 1.41% 3.85% 10.89% 4.85% Feb/09
Platinum
USD/t.oz
 1,181.92 25.05 2.17% 8.00% 14.59% 10.88% Feb/09

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
 1,400.7500 13.25 0.95% 3.66% 2.08% 6.40% Feb/09
Wheat
USd/Bu
 650.2500 5.50 -0.84% 0.85% 2.44% 1.52% Feb/09
Palm Oil
MYR/T
 3,552.00 117.00 3.41% 4.75% -6.45% -1.33% Feb/09
Cheese
USD/Lbs
 1.5850 0.00 0.25% -4.40% -7.36% -3.71% Feb/09
Milk
USD/CWT
 15.52 0.09 -0.58% -3.72% -6.22% -1.77% Feb/09
Rubber
JPY/Kg
 245.80 3.00 -1.21% 1.15% -15.24% -8.56% Feb/09
Orange Juice
USd/Lbs
 110.55 2.65 -2.34% 3.46% -9.57% -10.30% Feb/09
Coffee
USd/Lbs
 124.05 0.05 -0.04% 0.53% 2.14% -3.27% Feb/09
Lumber
USD/1000 board feet
 940.00 24.40 2.66% 7.95% 11.44% 7.66% Feb/08
Oat
USd/Bu
 354.0000 1.00 -0.28% 2.46% -0.21% -1.87% Feb/09
Wool
AUD/100Kg
 1,285.00 0.00 0.00% -0.46% 9.74% 9.74% Feb/05
Cotton
USd/Lbs
 86.09 1.81 2.15% 6.69% 7.04% 10.20% Feb/09
Cocoa
USD/T
2,626.00 49.00 1.90% 1.04% 5.89% 0.88% Feb/09
Rice
USD/cwt
 12.9700 0.03 -0.23% -2.77% 3.97% 5.96% Feb/08
Canola
CAD/T
 703.00 6.70 0.96% -0.33% 5.67% 11.68% Feb/09
Sugar
USd/Lbs
 16.36 0.09 0.55% 0.43% 4.40% 5.62% Feb/09
Tea
USD/Kgs
 3.10 0.00 0.00% -8.55% 8.01% 8.01% Feb/05
Corn
USd/BU
 566.0000 2.25 0.40% 4.24% 14.98% 16.94% Feb/09

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
 19.73 0.00 0.00% 2.97% 6.36% 8.77% Feb/05
Feeder Cattle
USd/Lbs
 138.0000 0.55 0.40% 0.05% 1.47% -0.68% Feb/09
Live Cattle
USd/Lbs
 116.5750 0.15 -0.13% 1.48% 2.80% 1.35% Feb/08
Lean Hogs
USd/Lbs
 72.2500 0.08 0.10% 0.98% 5.51% 2.81% Feb/09
Poultry
BRL/Kgs
 6.34 0.00 0.00% 7.28% 4.28% 5.49% Feb/05

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
 3.7320 0.05 1.25% 5.57% 4.91% 6.08% Feb/09
Lithium
CNY/T
 65,500.00 0.00 0.00% 4.80% 40.86% 40.86% Feb/09
Bitumen
CNY/T
 3,004.00 74.00 2.53% 9.24% 21.42% 26.11% Feb/09
Steel
CNY/T
 4,177.00 30.00 0.72% -0.33% -1.09% -1.02% Feb/05
Coal
USD/T
 82.00 0.20 0.24% -0.55% -3.53% 0.96% Feb/09
Palladium
USD/t.oz
 2,317.22 13.86 -0.59% 3.36% -2.32% -5.33% Feb/09
Cobalt
USD/T
 45,700.00 475.00 1.05% 10.79% 28.73% 41.97% Feb/05
Lead
USD/T
 2,038.55 11.55 0.57% 1.50% -0.22% 3.18% Feb/05
Aluminum
USD/T
 2,049.00 25.65 1.27% 3.94% 2.27% 3.45% Feb/09
Tin
USD/T
 23,110.00 112.50 0.49% 0.49% 11.51% 13.76% Feb/09
Zinc
USD/T
 2,684.25 39.25 1.48% 4.40% -2.60% -2.43% Feb/09
Nickel
USD/T
 17,986.75 385.75 2.19% 1.92% 1.51% 8.66% Feb/05
Molybdenum
USD/Kg
 26.50 1.50 6.00% 6.00% 12.77% 12.77% Feb/05
Iron Ore
USD/T
 155.50 0.00 0.00% -1.58% -6.04% -1.89% Feb/05
Soda Ash
CNY/T
 1,360.00 0.00 0.00% 0.74% 1.49% 1.49% Feb/09
Neodymium
CNY/T
 710,000.00 0.00 0.00% 0.00% 12.70% 14.06% Feb/05
Iron Ore 62% fe
USD/T
 156.1000 2.20 1.43% 0.88% -7.63% 0.17% Feb/08
Rhodium
USD/t oz.
 21,800.00 400.00 1.87% 12.95% 17.84% 28.24% Feb/05
Manganese
CNY/T
 31.25 0.00 0.00% -1.57% 0.00% 0.00% Feb/05

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
 195.05 2.30 1.19% 5.37% 6.66% 9.40% Feb/08
LME Index
Index Points
 3,461.40 0.00 0.00% 0.16% -2.25% 1.37% Feb/05
S&P GSCI
Index Points
 2,168.83 15.88 0.74% 4.54% 6.27% 9.71% Feb/05