Palm oil may hold above MYR4,600 a ton in November, MPOC says
Malaysian Palm Oil Council expects crude palm oil to stay above 4,600 ringgit a ton in November, citing seasonal output declines and biodiesel demand.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
The Malaysian Palm Oil Council (MPOC) said in a note, reported by Market Talk, that crude palm oil prices are likely to remain above 4,600 ringgit a ton in November. It cited seasonal production declines and steady demand from biodiesel producers as support.
The council added that India's recent cut in vegetable oil import duties could help imports recover in the coming months. It estimates palm oil output peaked in September and will trend lower seasonally over the next five months.
According to MPOC, downside risks include lower energy prices and weaker-than-expected food-sector demand for vegetable oils amid inflationary and economic pressures.
why it matters
Palm oil links to energy markets through biodiesel, so moves in crude and other fuels can feed into demand and prices. Traders will watch India's import policy and the seasonal output trend as the main drivers in the coming months.
market impact
Palm oil and vegetable oils: seasonal output decline and possible Indian import recovery support prices
tags
instruments
sources
- Palm Oil Prices Likely to Stay Above MYR4,600/ton in November — Market Talk, 22 October 2026 at 01:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗