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Malaysia’s palm oil stocks rose for a seventh consecutive month to a record 3.62 million tonnes in October 2026, as production gains outweighed stronger exports. Analysts expect inventories to remain high through the end of 2026, then decline in early 2027 as seasonal production growth slows; El Niño-related dry weather and firm biofuel demand could tighten supply further.
Elevated inventories are weighing on near-term CPO prices, while a seasonal stock draw and potential weather-related production losses could lend support in early 2027.
theedgemalaysia.comThe Edge MalaysiaNov 11, 2026After 29 past bearish weather events, Palm Oil moved a median -0.3% over 5 sessions (38% higher; middle half -2.2% to +0.6%), and -1.4% 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.
