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Malaysian plantation stocks rallied as crude palm oil futures for third-month delivery rose RM66 to RM3,070 per tonne, a 27-month high. The FBM Palm Oil Index gained 2.67%, outperforming the broader market.
Crude oil and the ringgit also moved higher on the day.
Palm futures at a multi-year high reflect firm demand and tighter vegetable oil supply, supporting palm prices. Strength in crude oil also supports palm oil's biodiesel-linked demand.
theedgemalaysia.comNov 2, 2026Not enough comparable past events yet for a historical read.
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.
