# Palm oil prices rise 4% as higher energy costs lift biofuel spread margins | S&P Global

> Malaysian palm oil rose 3.7% on March 6 to close at MR 4,365 per tonne as crude oil jumped after the Middle East war began. The palm-gasoil (PO-GO) spread narrowed nearly 44% from February 27 to its tightest level in almost two years.

- Date: 2026-03-06 · published 2026-03-06T12:00:00.000Z
- Category: macro · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A narrower PO-GO spread improves biodiesel margins and encourages Indonesian production ramp-ups, lifting palm demand and prices. Higher costs and uncertainty could weigh on some biofuel makers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2026-03-08 | 5 | +6.5% | 3.4 | Palm rose 3.7% on March 6 as crude jumped after the war began, narrowing the palm-gasoil spread and improving biofuel margins, directly driving the weekly gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-05-28 | [Palm Oil Prices Rise As Crude Oil Gains - Finimize](https://feedsoft.ai/events/19380-palm-oil-prices-rise-as-crude-oil-gains-finimize.md) | +3.1% | -2.0% |
| PALMOIL | 2022-01-02 | [Palm oil prices to stay high as fertiliser costs limit output, says CPOPC \| The Star](https://feedsoft.ai/events/43231-palm-oil-prices-to-stay-high-as-fertiliser-costs-limit-output-says-cpopc-the.md) | +5.7% | +12.1% |
| PALMOIL | 2021-03-08 | [VEGOILS-Palm oil rises nearly 4% to two-month high as crude, soyoil rally By Reuters](https://feedsoft.ai/events/6562-vegoils-palm-oil-rises-nearly-4-to-two-month-high-as-crude-soyoil-rally-by.md) | +6.6% | -1.7% |
| PALMOIL | 2022-02-18 | [Ringgit opens higher against US dollar on steady commodity prices](https://feedsoft.ai/events/42965-ringgit-opens-higher-against-us-dollar-on-steady-commodity-prices.md) | +2.8% | +10.5% |
| PALMOIL | 2022-03-01 | [Rupiah, ringgit rise on energy prices, stocks extend rally \| Reuters](https://feedsoft.ai/events/42532-rupiah-ringgit-rise-on-energy-prices-stocks-extend-rally-reuters.md) | +13.1% | +9.4% |
| WTI | 2026-05-28 | [Palm Oil Prices Rise As Crude Oil Gains - Finimize](https://feedsoft.ai/events/19380-palm-oil-prices-rise-as-crude-oil-gains-finimize.md) | +8.1% | -20.5% |
| WTI | 2020-11-09 | [OIL FUTURES: Oil prices surge as market eyes COVID-19 vaccine breakthrough \| S&P Global](https://feedsoft.ai/events/11792-oil-futures-oil-prices-surge-as-market-eyes-covid-19-vaccine-breakthrough-s-and.md) | +8.0% | +23.5% |
| WTI | 2026-03-04 | [FAO Food Price Index rises in March as Near East conflict raises energy costs](https://feedsoft.ai/events/12573-fao-food-price-index-rises-in-march-as-near-east-conflict-raises-energy-costs.md) | +12.2% | +37.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/030626-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-margins

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