# Palm oil prices to find support at RM3,900 a tonne in June on tight supply, upsurge in exports

> The Malaysian Palm Oil Council projects palm oil prices to find support at RM3,900 a tonne in June, with gains likely capped near RM4,150. It cites tighter combined Malaysian and Indonesian supply in late 2024 and rising exports, while Malaysian production and stocks rose in January-May.

- Date: 2024-06-14 · published 2024-06-14T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29872-palm-oil-prices-to-find-support-at-rm3-900-a-tonne-in-june-on-tight-supply
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A tighter second-half supply outlook and rising exports point to firmer palm oil prices, though USDA projections of oilseed surpluses limit the upside.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-01-11 | [Tight palm oil supplies to support prices in 2024: MPOB \| S&P Global](https://feedsoft.ai/events/32228-tight-palm-oil-supplies-to-support-prices-in-2024-mpob-s-and-p-global.md) | +1.5% | +0.2% |
| PALMOIL | 2026-04-24 | [Malaysia’s March Palm Oil Stocks Drop 16.1% As Export Surge Tightens Supply](https://feedsoft.ai/events/19817-malaysia-s-march-palm-oil-stocks-drop-16-1-as-export-surge-tightens-supply.md) | -0.0% | -1.4% |
| PALMOIL | 2026-02-04 | [Palm Oil Prices Stabilize As Exports Rise And Stocks Fall - Finimize](https://feedsoft.ai/events/4667-palm-oil-prices-stabilize-as-exports-rise-and-stocks-fall-finimize.md) | -1.6% | -0.6% |
| PALMOIL | 2020-02-03 | [Tight supply to boost palm oil prices despite virus fear: Oil World \| Daily FT](https://feedsoft.ai/events/4956-tight-supply-to-boost-palm-oil-prices-despite-virus-fear-oil-world-daily-ft.md) | -5.6% | -23.1% |
| PALMOIL | 2025-07-07 | [FAO Food Price Index up slightly in June due to higher meat, dairy and vegetable oil prices](https://feedsoft.ai/events/23812-fao-food-price-index-up-slightly-in-june-due-to-higher-meat-dairy-and-vegetable.md) | +0.8% | +2.7% |

## Sources

- nst.com.my: https://www.nst.com.my/business/economy/2024/06/1063495/palm-oil-prices-find-support-rm3900-tonne-june-tight-supply-upsurge

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