Malaysian palm oil futures edged lower to below MYR 4,560 per tonne, giving back part of the prior session's gains as a stronger ringgit and weaker Dalian palm oil futures weighed on sentiment. Additional pressure came from crude oil prices, which fell to their lowest since February amid signs of progress in indirect U.S.-Iran talks, reducing support for biofuel-linked vegetable oils. Traders also remained cautious ahead of key monthly supply and demand reports due later this month. Still, losses were limited by firmer rival edible oils on the Chicago Board of Trade. On the fundamental side, Indonesia's new B50 biodiesel mandate officially took effect on July 1, supporting expectations of stronger domestic palm oil consumption. Meanwhile, official data showed Indonesia exported 8.92 million tonnes of crude and refined palm oil during January-May, up 7.4% yoy. Cargo surveyors noted that palm oil exports during June 1-25 rose 10.6%-11.1% from May, pointing to improving overseas demand.

Palm Oil fell to 4,506 MYR/T on July 2, 2026, down 1.12% from the previous day. Over the past month, Palm Oil's price has fallen 3.66%, but it is still 10.09% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palm Oil reached an all time high of 7268 in March of 2022. Palm Oil - data, forecasts, historical chart - was last updated on July 2 of 2026.

Palm Oil fell to 4,506 MYR/T on July 2, 2026, down 1.12% from the previous day. Over the past month, Palm Oil's price has fallen 3.66%, but it is still 10.09% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil is expected to trade at 4720.11 MYR/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4877.25 in 12 months time.



Price Day Month Year Date
Soybeans 1,130.29 4.04 0.36% -2.06% 7.14% Jul/02
Wheat 597.26 5.26 0.89% 1.70% 6.23% Jul/02
Palm Oil 4,506.00 -51.00 -1.12% -3.66% 10.09% Jul/02
Cocoa 5,013.51 -78.49 -1.54% 23.12% -38.11% Jul/02
Cotton 77.72 -0.124 -0.16% -3.47% 15.89% Jul/02
Rubber 209.40 -6.40 -2.97% -10.70% 26.68% Jul/02
Orange Juice 171.14 -0.46 -0.27% 1.62% -18.70% Jul/02
Coffee 307.09 -2.81 -0.91% 21.33% 6.33% Jul/02
Oat 274.32 2.8152 1.04% -15.98% -31.60% Jul/02
Rice 12.75 -0.1176 -0.91% 1.74% 1.06% Jul/02
Canola 739.65 6.23 0.85% -7.31% 7.34% Jul/02
Sugar 14.94 -0.05 -0.35% 4.90% -8.79% Jul/02
Corn 427.28 6.2759 1.49% -0.98% -1.04% Jul/02


Palm Oil
Crude Palm oil is vegetable oil and it's used primarily in processed food. Indonesia and Malaysia constitute 85% of the world's palm oil supply followed by Nigeria, Thailand and Colombia. The contract size is 25 metric tons and it's traded at Bursa Malaysia. The Palm oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
4506.00 4557.00 7268.00 429.00 1980 - 2026 MYR/MT Daily

News Stream
Palm Oil Trades Ease Slightly
Malaysian palm oil futures edged lower to below MYR 4,560 per tonne, giving back part of the prior session's gains as a stronger ringgit and weaker Dalian palm oil futures weighed on sentiment. Additional pressure came from crude oil prices, which fell to their lowest since February amid signs of progress in indirect U.S.-Iran talks, reducing support for biofuel-linked vegetable oils. Traders also remained cautious ahead of key monthly supply and demand reports due later this month. Still, losses were limited by firmer rival edible oils on the Chicago Board of Trade. On the fundamental side, Indonesia's new B50 biodiesel mandate officially took effect on July 1, supporting expectations of stronger domestic palm oil consumption. Meanwhile, official data showed Indonesia exported 8.92 million tonnes of crude and refined palm oil during January-May, up 7.4% yoy. Cargo surveyors noted that palm oil exports during June 1-25 rose 10.6%-11.1% from May, pointing to improving overseas demand.
2026-07-02
Palm Oil Rebounds
Malaysian palm oil prices strengthened, hovering above MYR 4,550 per tonne after recent declines, supported by a weaker ringgit and firmer crude oil prices. Stronger demand also lent support, with cargo surveyors estimating June 1–25 palm oil exports rose between 10.6% and 11.1% from the same period in May. In Indonesia, the top producer and exporter, President Prabowo is set to launch the B50 biodiesel mandate on July 1 to advance energy independence. At the same time, demand prospects in China, another key consumer, improved after manufacturing and services returned to modest growth in June. However, softer edible oil prices on the Dalian and Chicago exchanges limited strength. Sentiment was further weighed by Indonesia’s move to cut its July crude palm oil reference price to USD 1,000.90 per tonne from USD 1,029.51 in June. Investors also remained cautious ahead of monthly industry supply and demand data due later this month.
2026-07-01
Palm Oil Eases Further as Quarter Ends, Monthly Gain Intact
Malaysian palm oil traded below MYR 4,600 per tonne, extending recent losses as a firmer ringgit and weakness in rival edible oils on the Dalian and Chicago exchanges weighed on sentiment. Crude oil prices also fell amid the prospects of possible U.S.-Iran talks, reducing support for edible oil markets. Still, palm oil is on track to post a modest monthly gain, up about 0.3% so far, after declining in the previous two months, supported by signs of stronger demand, weather-related supply concerns, and higher biodiesel mandates in major producing countries. In key consumer China, business activity improved in June as both manufacturing and services expanded modestly, offering some support to the demand outlook. Even so, prices remain set for a sharp quarterly loss, reversing a near 20% surge in the first quarter. Traders now await full-June Malaysian export estimates from cargo surveyors after shipments during the first 25 days of the month rose 10.6%–11.1% from the same period in May.
2026-06-30