# Palm oil market update – MDEX curve, stocks and El Niño risks — CMB News

> Nearby Malaysian palm oil forward contracts on the MDEX curve recovered above MYR 4,400 per tonne, with the curve modestly upward sloping. Gains are reported to fade in later months, and El Niño risks are noted in the market update.

- Date: 2026-10-30 · published 2026-10-31T10:05:37.684Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/2886-palm-oil-market-update-mdex-curve-stocks-and-el-nino-risks-cmb-news
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

El Niño risk to palm output is a potential bullish factor for later-dated contracts, but the price action described is largely range-bound commentary.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-27 | [Seasonal Outlook: Haze Update – El Niño Ready Nations](https://feedsoft.ai/events/62945-seasonal-outlook-haze-update-el-nino-ready-nations.md) | -0.8% | -0.8% |
| PALMOIL | 2019-11-29 | [WMO issues El Niño/La Niña update - World \| ReliefWeb](https://feedsoft.ai/events/55980-wmo-issues-el-nino-la-nina-update-world-reliefweb.md) | +6.9% | +10.9% |
| PALMOIL | 2026-03-03 | [El Niño/La Niña Update (February 2026) - World \| ReliefWeb](https://feedsoft.ai/events/20089-el-nino-la-nina-update-february-2026-world-reliefweb.md) | +6.5% | +7.1% |
| PALMOIL | 2017-07-07 | [WMO El Niño/La Niña Update, 7 July 2017 - World \| ReliefWeb](https://feedsoft.ai/events/69875-wmo-el-nino-la-nina-update-7-july-2017-world-reliefweb.md) | +0.2% | +2.4% |
| PALMOIL | 2022-12-14 | [Palm oil sentiment in 2023 cloudy amid uncertain supply and demand dynamics - Fastmarkets](https://feedsoft.ai/events/38335-palm-oil-sentiment-in-2023-cloudy-amid-uncertain-supply-and-demand-dynamics.md) | -0.2% | +2.4% |

## Sources

- commodity-board.com: https://commodity-board.com/palm-oil-curves-flatten-as-high-stocks-meet-looming-supply-risks

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