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Malaysian crude palm oil futures rebounded about 2.9% to near RM 4,122 per tonne, tracking firmer soyoil and Brent near $93 per barrel. MPOB data showed October stocks rising 3.15% to about 3.62 million tonnes, a record level.
Industry projections point to El Niño cutting Indonesian output by up to 3 million tonnes in 2027.
Record Malaysian stocks weigh on near-term prices, while expected El Niño output losses in 2027 provide upside support for palm oil and vegoil-linked feed inputs.
palmoileconomics.comNov 12, 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.
