# Dwindling stocks keep CPO prices elevated

> Crude palm oil prices neared an eight-year high after Malaysian Palm Oil Board data showed October stockpiles fell 8.6 percent to 1.57 million tonnes, the lowest since June 2017. Production also contracted, and analysts expect prices to stay elevated through 2020 on tight edible oil supply and La Nina concerns. China's stock-building purchases and biodiesel policies are also cited as support.

- Date: 2020-11-12 · published 2020-11-12T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50048-dwindling-stocks-keep-cpo-prices-elevated
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Malaysian stocks and weaker output tighten global vegetable oil supply, supporting palm oil and feed-related prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-06-30 | [CPO prices seen holding above RM4,000 a tonne: MPOB](https://feedsoft.ai/events/18905-cpo-prices-seen-holding-above-rm4-000-a-tonne-mpob.md) | -0.5% | +0.3% |
| PALMOIL | 2021-01-05 | [Malaysian palm oil stocks forecast lower, keeping prices high in 2021 - Markets - Business Recorder](https://feedsoft.ai/events/4995-malaysian-palm-oil-stocks-forecast-lower-keeping-prices-high-in-2021-markets.md) | +1.3% | -10.0% |
| 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 | 2019-05-07 | [April palm oil stocks expected at 6-month low \| FMT](https://feedsoft.ai/events/6731-april-palm-oil-stocks-expected-at-6-month-low-fmt.md) | +0.2% | +2.6% |
| PALMOIL | 2019-12-11 | [Lower November palm oil inventory pushes CPO prices higher](https://feedsoft.ai/events/55659-lower-november-palm-oil-inventory-pushes-cpo-prices-higher.md) | -0.3% | +9.8% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2020/11/12/dwindling-stocks-keep-cpo-prices-elevated/

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