Loading…
Hong Leong Investment Bank kept its Malaysian crude palm oil price forecasts at RM4,450 per tonne for 2026 and RM4,500 for 2027. The bank cites a tighter supply-demand balance and Indonesian biodiesel demand supporting prices.
Sustained biodiesel-driven demand and a tightening balance point to firm palm oil prices, which supports competing vegetable oils and meal substitutes in feed formulation.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.