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The Malaysian Palm Oil Council expects crude palm oil to stay above 4,600 ringgit ($1,128) per tonne in November. It cites stronger export demand, sustained biodiesel consumption and a seasonal drop in output.
Malaysian inventories are projected to decline from November through February 2027.
A forecast of tightening stocks and firm export demand supports palm oil prices into the final quarter of 2026. Higher palm oil costs raise the price of vegetable oil inputs for feed blenders.
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