Malaysia's palm oil stocks rose to a record 3.51 million tonnes at the end of September 2026, up 700,000 tonnes month on month. Crude palm oil output hit an all-time high of 2.12 million tonnes in September as yields ran about 20% above the ten-year average, and export demand began to recover, led by India.
Record stocks are a bearish signal for palm oil prices, though improving export demand and expected lower Q4 output could ease the overhang and support prices later.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% 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.