Malaysian palm oil futures bottomed around the MYR 3,200 per tonne mark, a level not seen since February 2021, pressured by prospects of increasing supplies and mounting fears about a global recession-driven demand downturn. Dorab Mistry, director of Indian consumer goods company Godrej International, warned that Malaysian palm oil prices could plunge by more than 30% to around MYR 2,500 by the end of 2022 as weak fundamentals and a hostile macro-environment continued to hang over the market. Meanwhile, rival Indonesia’s palm oil exports are poised to surge in the year's second half after the country scrapped export levies. Still, shipments of Malaysian palm oil products for Sept 1-25 rose by over 20% over the previous period to 1,168,627 tonnes, according to cargo surveyor Intertek Testing Services pointing out that the demand remains strong.

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

Palm Oil is expected to trade at 3273.21 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 2879.69 in 12 months time.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Palm Oil

Price Day Month Year
Soybeans 1,364.00 -46.00 -3.26% -4.11% 9.43%
Wheat 925.28 25.25 2.82% 11.28% 22.51%
Palm Oil 3,416.00 74.00 2.21% -14.47% -24.17%
Cocoa 2,354.00 27.00 1.16% -3.01% -13.14%
Cotton 85.34 0.18 0.21% -24.62% -19.89%
Rubber 134.90 0.80 0.60% -0.95% -18.98%
Orange Juice 191.40 0.95 0.50% -3.60% 43.21%
Coffee 221.55 -4.15 -1.84% -7.55% 8.58%
Oat 388.33 5.5833 1.46% -1.87% -34.29%
Rice 17.16 -0.1800 -1.04% -3.81% 26.04%
Canola 852.00 13.50 1.61% 0.97% -4.64%
Sugar 18.42 -0.02 -0.11% 2.96% -8.18%
Tea 2.87 0 0% -10.31% -3.37%
Corn 676.75 7.2505 1.08% 0.93% 24.98%

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 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.
Actual Previous Highest Lowest Dates Unit Frequency
3416.00 3342.00 7268.00 429.00 1980 - 2022 MYR/MT Daily