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Malaysian crude palm oil fell about 3% to around $981 per tonne, extending a roughly 9.5% decline over ten sessions. October Malaysian stocks reached a record 3.62 million tonnes, while analysts expect seasonal production declines and possible El Niño risks to reduce inventories later; Indian demand has strengthened as palm trades at a wide discount to soybean oil.
Record inventories and recent export weakness weigh on near-term palm oil prices, while seasonal output declines, weather risk and biodiesel demand could tighten forward supply. The immediate price bias is bearish, with potential longer-term support from supply risks.
palmoileconomics.comNov 11, 2026Not enough comparable past events yet for a historical read.
Not 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.
