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Crude palm oil futures on Bursa Malaysia Derivatives closed sharply higher on Wednesday, with the November 2026 contract up RM116 to RM4,156 per tonne and the January 2027 contract up RM154 to RM4,410. A dealer cited stronger soybean oil and crude oil prices, plus SPPOMA data showing slower-than-expected early-November production.
Trading volume and open interest both rose.
Firmer soyoil and crude oil lift palm's competitive position among vegetable oils, and slower output in early November tightens near-term supply. Elevated domestic stocks limit the gain, so prices remain sensitive to production and competing oils.
bernamabiz.comNov 11, 2026Not 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.
