# Palm oil market under pressure from record stocks and weak crude oil

> Palm oil prices fell about 9% over the week to November 6, with Malaysian inventories at record levels, cheaper Indonesian exports, and weaker crude oil weighing on the market. Soybean oil and Canadian canola prices also declined, while palm oil recorded its steepest weekly loss in nearly two years.

- Date: 2026-11-09 · published 2026-11-09T15:07:32.438Z
- Category: macro · region Southeast Asia · magnitude medium
- Page: https://feedsoft.ai/events/89635-palm-oil-market-under-pressure-from-record-stocks-and-weak-crude-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Record inventories and lower-priced Indonesian exports increase available supply and intensify competition, while weaker crude oil reduces biodiesel demand. These pressures weigh on palm oil prices and lower procurement costs for buyers.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-25 | [Crude palm oil futures hit 4-month low on uncertain market sentiment \| Malay Mail](https://feedsoft.ai/events/6573-crude-palm-oil-futures-hit-4-month-low-on-uncertain-market-sentiment-malay-mail.md) | -13.3% | -15.6% |
| PALMOIL | 2022-07-01 | [Palm oil falls 4% on recession fears, higher supply outlook - Markets - Business Recorder](https://feedsoft.ai/events/6225-palm-oil-falls-4-on-recession-fears-higher-supply-outlook-markets-business.md) | -24.3% | -29.0% |
| PALMOIL | 2022-03-16 | [Palm extends losses - Markets - Business Recorder](https://feedsoft.ai/events/5497-palm-extends-losses-markets-business-recorder.md) | +1.1% | -4.2% |
| PALMOIL | 2020-01-29 | [Coronavirus punishes equities, ringgit and crude palm oil](https://feedsoft.ai/events/55341-coronavirus-punishes-equities-ringgit-and-crude-palm-oil.md) | -9.4% | -11.8% |
| PALMOIL | 2021-08-19 | [Falling oil prices increase pressure on oilseed markets](https://feedsoft.ai/events/11363-falling-oil-prices-increase-pressure-on-oilseed-markets.md) | +0.3% | +2.3% |
| SBO | 2020-02-25 | [Crude palm oil futures hit 4-month low on uncertain market sentiment \| Malay Mail](https://feedsoft.ai/events/6573-crude-palm-oil-futures-hit-4-month-low-on-uncertain-market-sentiment-malay-mail.md) | -3.1% | -11.4% |
| SBO | 2022-07-01 | [Palm oil falls 4% on recession fears, higher supply outlook - Markets - Business Recorder](https://feedsoft.ai/events/6225-palm-oil-falls-4-on-recession-fears-higher-supply-outlook-markets-business.md) | -7.8% | -10.0% |
| SBO | 2020-04-26 | [Oil price crash, COVID-19 weaken grains and oilseed markets](https://feedsoft.ai/events/53733-oil-price-crash-covid-19-weaken-grains-and-oilseed-markets.md) | +4.4% | +6.3% |

## Sources

- commodity-board.com: https://commodity-board.com/palm-oil-under-heavy-pressure-as-record-stocks-meet-weak-crude

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.