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Malaysian crude palm oil prices fell about 3.5% in October, as record inventories and strong production outweighed improving export demand. OCBC expects prices to remain range-bound in the near term, with production-related weather risks and biodiesel demand potentially providing more support in 2027.
High inventories and strong output weigh on near-term palm oil prices, while weather risks and biodiesel demand may tighten the balance later. This points to limited near-term upside but a firmer outlook into 2027.
businesstoday.com.myNov 9, 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.
