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Malaysian crude palm oil futures traded near RM 4,391/MT, down 0.2%, at a one-month low amid rising inventory concerns and softer competing vegetable oils. Indonesia set its November 2026 CPO reference price at about $978.90/MT, down 6.07% from October, with the export levy fixed at US$124/tonne.
A lower Indonesian reference price and levy lighten duty costs for Indonesian exporters and may revive export flows, adding supply into a market with record stocks. Weaker crude after a slide of more than 13% on the week erodes biodiesel demand support, pointing to softer palm oil prices.
palmoileconomics.comNov 3, 2026Not enough comparable past events yet for a historical read.
Not 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.
