A Platts survey of analysts, traders and government agencies expects Malaysian palm oil futures to average MR4,200/mt in 2026, below the 2025 average of MR4,236.70. The softer outlook rests on rising supplies from Indonesia and Malaysia, partly offset by robust domestic biodiesel demand in Indonesia.
Forecasters say clarity on biofuel policy will be important.
A forecast of lower palm prices in 2026 suggests cheaper vegetable oil supplies for feed buyers, though biodiesel policy changes could shift that outlook. Supply growth is the key bearish driver.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% 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.