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Malaysian palm oil futures on the MDEX eased about 1% on November 4 after recent highs. Analysts cite heavy stocks, weaker European biofuel demand and ample soy and canola oil supplies.
Prices are consolidating after October levels of roughly MYR 4,600 to 4,800 per ton.
Heavy inventories and weaker European biofuel offtake limit palm's upside in the short term. Abundant competing oils keep palm priced at a discount, which favours cheaper fats for feed use.
commodity-board.comCMB NewsNov 4, 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.
