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Dorab Mistry said Malaysian palm oil stocks are likely to exceed 3 million tons by the end of October, which will weigh on prices. The benchmark fell 1.58% to 4,537 ringgit after reaching a near two-year high of 5,049 ringgit in mid-September.
Mistry also noted that Indonesia's planned 50% biodiesel blending mandate could tighten supplies.
Indonesia's biodiesel mandate would absorb more palm oil and support prices, while high inventories are the near-term constraint. The net effect leaves palm oil prices range-bound.
thestar.com.myThe Star OnlineOct 1, 2026After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.
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.
Mistry's view that Malaysian stocks will exceed 3 million tons caps prices, and the retreat from the mid-September high of 5,049 ringgit shows bearish stock sentiment.
Same-day analyst view that Malaysian stocks will exceed 3 million tons weighs on prices, with the benchmark down sharply from mid-September highs (supply and sentiment).
