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Kenanga Research maintained an overweight rating on the plantation sector and kept its CPO price assumptions at RM4,500 per tonne for 2026 and RM4,700 for 2027. The research house cited higher biodiesel demand from the Middle East conflict and Black Sea shipping disruptions to Ukrainian sunflower exports.
It also flagged that a strong El Niño could cut palm output by 2% to 9%.
Firm biodiesel demand and tighter edible oil supply support elevated palm prices. A severe El Niño could push CPO prices up further through lower yields.
thestar.com.myThe Star OnlineSep 3, 2026Not enough comparable past events yet for a historical read.
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.
