# Palm Oil Market Analysis – MDEX Curve, Record Stocks and El Niño Risk

> Palm oil futures showed modest gains along the forward curve as traders weighed record Malaysian inventories against a seasonal production slowdown and increasing El Niño concerns. The analysis also points to export demand, relative competitiveness against other vegetable oils and energy, and Indonesian policy as factors influencing the outlook into 2027.

- Date: 2026-11-11 · published 2026-11-11T09:07:24.851Z
- Category: weather · region Southeast Asia · magnitude low
- Page: https://feedsoft.ai/events/93258-palm-oil-market-analysis-mdex-curve-record-stocks-and-el-nino-risk
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Record stocks weigh on nearby prices, while weather-related production risks could reduce future Southeast Asian supply and support deferred prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-10-13 | [Palm climbs to two-week high as El Niño supply fears outweigh stocks - Markets - Business Recorder](https://feedsoft.ai/events/530-palm-climbs-to-two-week-high-as-el-nino-supply-fears-outweigh-stocks-markets.md) | -0.2% | — |
| PALMOIL | 2026-07-01 | [El Niño impact on Malaysian and Indonesian palm oil production \| Report](https://feedsoft.ai/events/18907-el-nino-impact-on-malaysian-and-indonesian-palm-oil-production-report.md) | +0.6% | +0.4% |
| PALMOIL | 2024-04-22 | [Malaysian palm oil up - Markets - Business Recorder](https://feedsoft.ai/events/15656-malaysian-palm-oil-up-markets-business-recorder.md) | -0.0% | -4.8% |
| PALMOIL | 2020-07-23 | [Palm oil tracks soyoil fall, wet weather stokes supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/52203-palm-oil-tracks-soyoil-fall-wet-weather-stokes-supply-concerns-markets-business.md) | +0.2% | +9.7% |
| PALMOIL | 2021-01-04 | [Malaysian palm oil futures climb - Markets - Business Recorder](https://feedsoft.ai/events/5001-malaysian-palm-oil-futures-climb-markets-business-recorder.md) | +10.0% | -0.2% |

## Sources

- commodity-board.com: https://commodity-board.com/palm-oil-futures-stabilise-as-record-stocks-meet-looming-el-nino-risk

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