# Palm oil price spike explained

> An explainer describes how palm oil prices reached their highest level since mid-2022 in late 2024, peaking at about 5,195 ringgit a ton on November 11. The article attributes the rise mainly to seasonal supply tightness, with RSPO standards and EUDR deadline concerns adding some buying and uncertainty.

- Date: 2025-01-16 · published 2025-01-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/26607-palm-oil-price-spike-explained
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Understanding that supply tightness drove the spike helps buyers judge whether high palm oil prices will persist or ease as supply returns, and why some switched to other fats.

## Read by commodity

- PALMOIL: neutral

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2025/01/16/palm-oil-price-spike-explained/

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