# Palm Oil Market: MDEX Futures Firm on High Stocks and El Niño Risk

> Palm oil futures on the Malaysian Derivatives Exchange gained around 0.7 to 1.4% across listed months as of 30 October. The gains came as Malaysian stocks built sharply and exports stayed soft. Traders are also pricing in possible yield losses from a developing super El Niño that could curb Southeast Asian output into 2027.

- Date: 2026-11-02 · published 2026-11-02T12:06:37.659Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/75324-palm-oil-market-mdex-futures-firm-on-high-stocks-and-el-nino-risk
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

High Malaysian inventories cap near-term prices, but the El Niño risk to 2027 production supports a firmer forward curve. Feed buyers should expect palm-linked costs to stay volatile.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-10-13 | [Palm climbs to two-week high as El Niño supply fears outweigh stocks - Markets - Business Recorder](https://feedsoft.ai/events/530-palm-climbs-to-two-week-high-as-el-nino-supply-fears-outweigh-stocks-markets.md) | -0.2% | — |
| PALMOIL | 2026-07-01 | [El Niño impact on Malaysian and Indonesian palm oil production \| Report](https://feedsoft.ai/events/18907-el-nino-impact-on-malaysian-and-indonesian-palm-oil-production-report.md) | +0.6% | +0.4% |
| PALMOIL | 2023-06-02 | [Palm ends 3% higher on stronger rivals, El Nino worries - Markets - Business Recorder](https://feedsoft.ai/events/7324-palm-ends-3-higher-on-stronger-rivals-el-nino-worries-markets-business-recorder.md) | -0.1% | +7.1% |
| PALMOIL | 2021-01-04 | [Malaysian palm oil futures climb - Markets - Business Recorder](https://feedsoft.ai/events/5001-malaysian-palm-oil-futures-climb-markets-business-recorder.md) | +10.0% | -0.2% |
| PALMOIL | 2024-12-03 | [Palm oil rises on Malaysia floods, higher Indonesian export tax - Markets - Business Recorder](https://feedsoft.ai/events/27044-palm-oil-rises-on-malaysia-floods-higher-indonesian-export-tax-markets-business.md) | +3.9% | -2.2% |

## Sources

- commodity-board.com: https://commodity-board.com/palm-oil-futures-firm-as-peak-output-collides-with-growing-weather-risks

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