# Global Palm Oil Prices To Plummet Due To Over-Supply - Brand Spur

> Oil World CEO Thomas Mielke expects palm oil prices to fall toward $40-50 a ton from about $630 over the coming months, as April-September brings a global output surplus and stock building in Malaysia and Indonesia. He projects global output of 70.5 million tons in 2018 and sees possible price recovery in 2019-20 if a deficit emerges.

- Date: 2018-04-14 · published 2018-04-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/65608-global-palm-oil-prices-to-plummet-due-to-over-supply-brand-spur
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast surplus and growing stocks point to lower palm oil prices in the near term, with tighter supply possibly returning later.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-03-27 | [Fitch: Higher global vegetable oil supply to drag CPO prices lower in Q2 \| Malay Mail](https://feedsoft.ai/events/31287-fitch-higher-global-vegetable-oil-supply-to-drag-cpo-prices-lower-in-q2-malay.md) | +3.8% | -2.1% |
| PALMOIL | 2026-01-06 | [Palm oil prices to weaken in 2026, biofuel policy clarity crucial: survey \| S&P Global](https://feedsoft.ai/events/21159-palm-oil-prices-to-weaken-in-2026-biofuel-policy-clarity-crucial-survey-s-and-p.md) | +1.4% | +8.0% |
| PALMOIL | 2018-11-02 | [Global food prices dip in October amid declines in dairy and sluggish palm oil demand](https://feedsoft.ai/events/6993-global-food-prices-dip-in-october-amid-declines-in-dairy-and-sluggish-palm-oil.md) | -1.9% | -5.0% |
| PALMOIL | 2018-10-03 | [Long-term demand to offset weaker prices for palm oil, says Moody's \| The Star](https://feedsoft.ai/events/7619-long-term-demand-to-offset-weaker-prices-for-palm-oil-says-moody-s-the-star.md) | +1.6% | +1.4% |
| PALMOIL | 2017-06-26 | [In 2017 global palm oil production will rise by 7 million tonnes.](https://feedsoft.ai/events/70589-in-2017-global-palm-oil-production-will-rise-by-7-million-tonnes.md) | +0.1% | +3.2% |

## Sources

- brandspurng.com: https://brandspurng.com/2018/04/14/global-palm-oil-prices-to-plummet-due-to-over-supply/

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