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The MPOC expects CPO prices to stay above MYR4,600 per tonne in September on tightening supply and geopolitical trade disruptions. Forward 2027 contracts traded above MYR5,000 in mid-August on El Niño concerns.
Malaysian July output rose 9.4% month on month but stayed below last year for a fifth month.
Expected Q4 production decline, Indonesian B50 biodiesel demand and Red Sea and Black Sea disruptions tighten vegetable oil supply. These factors support firm palm oil prices.
Not 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.