# Asian palm oil prices hit three-month high on stronger rival oils, lower production

> Asian crude palm oil prices reached their highest level in over three months on Jan 28, with FOB Indonesia February loading assessed at $1,115/mt. Gains in rival oils and expectations of lower output in key producing countries supported the rally. Indonesia's March loading price rose to $1,145/mt on anticipation of a higher export tax in March.

- Date: 2026-01-28 · published 2026-01-28T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/4664-asian-palm-oil-prices-hit-three-month-high-on-stronger-rival-oils-lower
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower expected output and an anticipated Indonesian export tax increase lift palm export costs, supporting global prices. Higher palm prices may push Indian buyers to return once prices dip, shaping near-term demand.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2026-02-04 | 5 | +5.4% | 3.1 | Asian CPO hit a three-month high on strong rival oils, lower expected output and anticipation of Indonesia's higher March export tax, which lifted the price. |
| PALMOIL | 2026-02-02 | 1 | +5.2% | 9.6 | Rally to a three-month high on stronger rival oils, expected lower output and an anticipated higher Indonesian export tax shows the supply and policy backdrop before the move, though it predates the Feb 2 date. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-03-19 | [Palm prices end higher due to Indonesia's increased levy and weak Malaysian production](https://feedsoft.ai/events/15576-palm-prices-end-higher-due-to-indonesia-s-increased-levy-and-weak-malaysian.md) | -0.5% | -6.3% |
| PALMOIL | 2022-11-09 | [Indonesia to Boost Biodiesel Production With Palm Oil Considering High Crude Oil Prices](https://feedsoft.ai/events/15778-indonesia-to-boost-biodiesel-production-with-palm-oil-considering-high-crude.md) | -2.9% | -1.6% |
| PALMOIL | 2026-01-01 | [Palm oil price forecast and production outlook 2026](https://feedsoft.ai/events/15512-palm-oil-price-forecast-and-production-outlook-2026.md) | +0.6% | +3.1% |
| PALMOIL | 2024-08-31 | [Malaysian palm oil futures log first monthly rise in three months - Markets - Business Recorder](https://feedsoft.ai/events/6163-malaysian-palm-oil-futures-log-first-monthly-rise-in-three-months-markets.md) | +3.9% | +7.1% |
| PALMOIL | 2020-06-02 | [Strong demand supports prices for vegetable oils at a high level](https://feedsoft.ai/events/6049-strong-demand-supports-prices-for-vegetable-oils-at-a-high-level.md) | +3.9% | +5.2% |
| SBO | 2022-11-09 | [Indonesia to Boost Biodiesel Production With Palm Oil Considering High Crude Oil Prices](https://feedsoft.ai/events/15778-indonesia-to-boost-biodiesel-production-with-palm-oil-considering-high-crude.md) | +0.1% | -12.9% |
| SBO | 2018-12-03 | [Oil Prices Rise on Expectations for a Production Cut](https://feedsoft.ai/events/10625-oil-prices-rise-on-expectations-for-a-production-cut.md) | +2.5% | +0.3% |
| SBO | 2024-08-31 | [Malaysian palm oil futures log first monthly rise in three months - Markets - Business Recorder](https://feedsoft.ai/events/6163-malaysian-palm-oil-futures-log-first-monthly-rise-in-three-months-markets.md) | -1.8% | -0.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/asian-palm-oil-prices-hit-three-month-high-on-stronger-rival-oils-lower-production/
- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/012826-asian-palm-oil-prices-hit-three-month-high-on-stronger-rival-oils-lower-production

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