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Dr Thomas Mielke of OIL WORLD forecast palm kernel oil could recover to US$2,200 per tonne in Rotterdam by mid-2027, with RBD palm olein reaching US$1,300. He expects combined Indonesian and Malaysian palm oil output to fall by about 3.2 million tonnes.
He also flagged that reopening Black Sea shipping could release sunflower oil and create a temporary surplus.
A projected drop of over three million tonnes in palm oil output, plus rising biodiesel demand, would tighten the vegetable oil market and support palm prices. A Black Sea reopening could cap that rally temporarily by increasing sunflower oil supply.
oilpalmworld.comOil Palm World ReporterNov 14, 2026Not enough comparable past events yet for a historical read.
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.
