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Dr Julian Conway McGill of Glenauk Economics told the Indonesia Palm Oil Conference that crude palm oil prices could reach RM5,000 per tonne by mid-2027. He expects prices to bottom in late 2026 or early 2027, with El Niño yield losses and rising Indonesian biodiesel demand reducing export availability.
El Niño typically cuts palm fruit yields eight to ten months after the event, which would reduce exportable supply. Stronger domestic biodiesel use in Indonesia would further tighten global availability and support prices.
oilpalmworld.comOil Palm World ReporterNov 14, 2026After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
