Crude palm oil prices to stay above $1,128 per ton in November, MPOC says

Malaysian crude palm oil is forecast to remain above 4,600 ringgit ($1,128) per metric ton in November, Business Recorder reported, citing the Malaysian Palm Oil Council. The council pointed to stronger export demand, continued use of biodiesel and seasonal production declines as factors behind its outlook.

Lower output is expected to draw down Malaysian inventories from November 2026 to February 2027, while shipments are projected to recover between October and December after September’s weakness. The council said India and China could increase palm oil imports amid tighter supplies of sunflower and soybean oils, while high energy costs are supporting biodiesel blending, particularly in Indonesia. Risks include cheaper energy and weaker food-sector demand for vegetable oils amid inflation and economic pressure.