# MPOC: Palm oil price outlook revised higher

> The Malaysian Palm Oil Council raised its 2020 price outlook to a high of RM2,994 per tonne from RM2,594 previously, saying current prices already exceed its earlier forecast. MPOC expects Malaysian output of 19.6 million tonnes in 2020. The forecast depends on Malaysia and Indonesia implementing biodiesel mandates and lower European oilseed output.

- Date: 2020-08-01 · published 2020-08-01T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/52204-mpoc-palm-oil-price-outlook-revised-higher
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

An upgraded industry price outlook tied to biodiesel mandates and weaker European oilseeds supports palm and competing oils used in feed.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-11-15 | [Palm Oil Prices Seen Higher in Short Term Amid Policy Uncertainties in Indonesia – MPOC](https://feedsoft.ai/events/15513-palm-oil-prices-seen-higher-in-short-term-amid-policy-uncertainties-in.md) | -0.6% | -0.9% |
| PALMOIL | 2022-01-31 | [VEGOILS Palm scales record high on reduced Indonesia supply outlook](https://feedsoft.ai/events/8086-vegoils-palm-scales-record-high-on-reduced-indonesia-supply-outlook.md) | +7.1% | +10.5% |
| PALMOIL | 2016-11-23 | [Palm Oil News - B20 Could Have Better Palm Oil Price?](https://feedsoft.ai/events/73943-palm-oil-news-b20-could-have-better-palm-oil-price.md) | +0.7% | +5.5% |
| PALMOIL | 2025-08-14 | [Malaysia Raises Sept Crude Palm Oil Reference Price, Lifting Duty to 10% – MPOC](https://feedsoft.ai/events/15538-malaysia-raises-sept-crude-palm-oil-reference-price-lifting-duty-to-10-mpoc.md) | +0.4% | +1.9% |
| SBO | 2018-07-24 | [France's Avril Raises Biodiesel Output On Higher Oil Prices, Demand](https://feedsoft.ai/events/64125-france-s-avril-raises-biodiesel-output-on-higher-oil-prices-demand.md) | +1.2% | +2.0% |
| SBO | 2022-01-31 | [VEGOILS Palm scales record high on reduced Indonesia supply outlook](https://feedsoft.ai/events/8086-vegoils-palm-scales-record-high-on-reduced-indonesia-supply-outlook.md) | +2.2% | +8.1% |
| SBO | 2016-11-29 | [Mpob expects brighter outlook for palm oil next year \| Borneo Post Online](https://feedsoft.ai/events/10932-mpob-expects-brighter-outlook-for-palm-oil-next-year-borneo-post-online.md) | +2.1% | -4.3% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2020/07/22/mpoc-palm-oil-price-outlook-revised-higher/

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