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Dorab Mistry said Malaysian palm oil stocks are likely to exceed 3 million tons by the end of October, which will weigh on prices. The benchmark fell 1.58% to 4,537 ringgit after reaching a near two-year high of 5,049 ringgit in mid-September.
Mistry also noted that Indonesia's planned 50% biodiesel blending mandate could tighten supplies.
Indonesia's biodiesel mandate would absorb more palm oil and support prices, while high inventories are the near-term constraint. The net effect leaves palm oil prices range-bound.
thestar.com.myThe Star Online1 okt 2026Na 513 eerdere neutraal beleid-gebeurtenissen bewoog Palmolie zich mediaan 0,0% over 5 sessies (50% hoger; middelste helft -1,6% tot +1,4%), en -0,1% over 20.
Na 187 eerdere neutraal beleid-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan -0,1% over 5 sessies (49% hoger; middelste helft -4,0% tot +3,5%), en +0,1% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Mistry's view that Malaysian stocks will exceed 3 million tons caps prices, and the retreat from the mid-September high of 5,049 ringgit shows bearish stock sentiment.
Same-day analyst view that Malaysian stocks will exceed 3 million tons weighs on prices, with the benchmark down sharply from mid-September highs (supply and sentiment).
