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Malaysian palm oil stocks rose 3.15% month on month to a record 3.62 million tonnes in October, extending the inventory build. The benchmark fell 3.5% and broke below RM4,300 per tonne as the stock overhang weighed on prices, despite strong Indian buying and attention to Indonesia's biodiesel program.
Heavy stocks and softer exports cap near-term prices, while import demand and biodiesel use could absorb supply and limit downside. The balance of evidence is mildly bearish for palm oil in the near term.
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.
