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Bursa Malaysia CPO futures closed lower on November 3, with the January 2027 contract down RM98 to RM4,551 per tonne. Expectations that Malaysian October palm oil inventories reached a record 3.81 million tonnes weighed on prices despite stronger export demand.
Trading volume and open interest rose.
A record inventory estimate points to oversupply in palm oil, which tends to pressure prices for palm and competing vegetable oils. Stronger exports offer only partial support, so the bearish price signal for feed-relevant oils remains.
palmoilmagazine.comPalmoilmagazineNov 4, 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.
