
Malaysian crude palm oil was quoted near $1,011 per tonne after a sharp weekly decline, as October stocks rose 3.15% to a record 3.62 million tonnes. India’s palm oil imports reached a 14-month high, providing a demand-side counterweight to the inventory build.
Record stocks and lower crude oil prices weigh on palm oil demand and prices, while strong Indian buying offers some support. The inventory overhang is likely to limit rallies in the near term.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% 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.