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September MPOB data showed Malaysian CPO output up 16.5% month on month and closing stocks up 31.9% to 2.16 million tonnes. Indonesia cut its November reference price 6.07% to about $979 per tonne, with the export levy set at $124 per tonne.
Rising Malaysian stocks add bearish pressure on palm oil prices, and possible export-duty relief could help clear the surplus, while lower Indonesian reference pricing changes export cost dynamics.
palmoileconomics.comNov 3, 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.
