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Malaysian crude palm oil futures were around RM 4,436/MT on 28 October, up about 1% after a run of weekly gains, with profit-taking and Dalian palm olein selling pulling prices lower. Indonesia's trade ministry set the November CPO reference price at USD 978.90/tonne, a 6.07% cut, and held the export levy at 12.5%.
A lower Indonesian reference price and levy setting narrows Malaysia's price gap as buyers switch to cheaper Indonesian cargoes. Record Malaysian stocks and a Sarawak storage glut keep near-term palm oil prices under pressure despite crude support.
palmoileconomics.comNov 1, 2026palmoileconomics.comNov 2, 2026After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
