# CPO prices could test RM5,000 by mid-2027 as supply tightens - Oil Palm World

> 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.

- Date: 2026-11-14 · published 2026-11-15T00:06:45.930Z
- Category: weather · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/100147-cpo-prices-could-test-rm5-000-by-mid-2027-as-supply-tightens-oil-palm-world
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-10-08 | [Palm Oil Traders Eye Price Rally as Weather and Policy Risks Tighten Supply Outlook](https://feedsoft.ai/events/17176-palm-oil-traders-eye-price-rally-as-weather-and-policy-risks-tighten-supply.md) | +0.5% | -0.2% |
| PALMOIL | 2023-03-01 | [Palm oil clocks third weekly climb on tight supply worries](https://feedsoft.ai/events/37449-palm-oil-clocks-third-weekly-climb-on-tight-supply-worries.md) | +1.8% | -4.7% |
| PALMOIL | 2026-09-03 | [CPO Prices to Stay Firm Above RM4,600 (USD1,133) on Tightening Supply and Geopolitical Disruptions — PalmPulse](https://feedsoft.ai/events/4535-cpo-prices-to-stay-firm-above-rm4-600-usd1-133-on-tightening-supply-and.md) | -1.1% | -9.1% |
| PALMOIL | 2024-10-25 | [Malaysia’s palm oil surge: What’s driving prices to biggest highs since 2022?](https://feedsoft.ai/events/4981-malaysia-s-palm-oil-surge-what-s-driving-prices-to-biggest-highs-since-2022.md) | +9.4% | +8.3% |
| PALMOIL | 2023-03-08 | [Global vegetable oil prices seen rising for the rest of 2023 on supply uncertainty: Oilworld's Mielke](https://feedsoft.ai/events/36959-global-vegetable-oil-prices-seen-rising-for-the-rest-of-2023-on-supply.md) | -4.1% | -5.5% |

## Sources

- oilpalmworld.com: https://www.oilpalmworld.com/post/cpo-prices-could-test-rm5000-by-mid-2027-as-supply-tightens/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.