Malaysian palm oil futures slipped around 2% to below MYR 4,240 per tonne on Friday, ending a four-session rally as traders booked profits after prices hit a three-month high earlier in the week. Weakness in rival edible oils on the Dalian and Chicago exchanges added pressure, compounded by caution ahead of China’s January PMI release, given the country’s role as a key buyer. Still, futures remain on track for a fourth consecutive weekly gain, up about 1.8%, which would mark the first monthly rise in five months with gains nearing 5%. The broader uptrend is underpinned by stronger export demand, with January 1–25 shipments rising 7.97%–9.97% from December. Seasonal demand ahead of the Lunar New Year and Ramadan, coupled with expectations of lower January output due to adverse weather and harvesting patterns, also support prices. In India, the top buyer, refiners canceled soybean oil imports from South America amid a weaker rupee and higher global prices, boosting palm oil’s appeal.

Palm Oil fell to 4,229 MYR/T on January 30, 2026, down 2.06% from the previous day. Over the past month, Palm Oil's price has risen 4.42%, but it is still 1.42% lower 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 7268.00 in March of 2022. Palm Oil - data, forecasts, historical chart - was last updated on February 3 of 2026.

Palm Oil fell to 4,229 MYR/T on January 30, 2026, down 2.06% from the previous day. Over the past month, Palm Oil's price has risen 4.42%, but it is still 1.42% lower 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 4181.32 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 3945.66 in 12 months time.



Price Day Month Year Date
Soybeans 1,062.96 2.71 0.26% 1.50% -1.12% Feb/03
Wheat 529.36 1.61 0.30% 3.29% -8.26% Feb/03
Palm Oil 4,200.00 0 0% 4.69% -3.96% Feb/03
Cocoa 4,210.00 45.00 1.08% -30.72% -61.65% Feb/02
Cotton 62.75 -0.049 -0.08% -2.94% -6.27% Feb/03
Rubber 187.00 -4.30 -2.25% 2.92% -4.64% Feb/02
Orange Juice 188.30 -22.80 -10.80% -9.41% -58.59% Feb/02
Coffee 335.25 3.00 0.90% -6.71% -12.81% Feb/02
Oat 301.05 0.3018 0.10% -1.13% -16.20% Feb/03
Rice 11.12 0.0850 0.77% 12.05% -17.97% Feb/03
Canola 646.47 1.47 0.23% 5.84% -0.09% Feb/03
Sugar 14.26 -0.01 -0.07% -3.19% -25.82% Feb/02
Corn 427.07 1.3236 0.31% -3.92% -13.64% Feb/03


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. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
4229.00 4318.00 7268.00 429.00 1980 - 2026 MYR/MT Daily

News Stream
Palm Oil Retreats, Still on Track for Solid Monthly Gain
Malaysian palm oil futures slipped around 2% to below MYR 4,240 per tonne on Friday, ending a four-session rally as traders booked profits after prices hit a three-month high earlier in the week. Weakness in rival edible oils on the Dalian and Chicago exchanges added pressure, compounded with caution ahead of the January PMI releases in key buyer China. Still, futures remain on track for a fourth weekly gain, up about 1.8%, which would mark the first monthly rise in five months with gains nearing 5%. The broader uptrend is buoyed by stronger export demand, with January 1–25 shipments up 7.97%–9.97% from December. Seasonal demand ahead of the Lunar New Year and Ramadan, coupled with forecasts of lower January output due to adverse weather and harvesting patterns, also support prices. In India, the top buyer, refiners canceled soybean oil imports from South America amid a weaker rupee and higher global prices, boosting palm oil’s appeal. Markets will be closed Monday for a holiday.
2026-01-30
Palm Oil Rises for 4th Session, Stays at 3-Month Peak
Malaysian palm oil futures extended gains for a fourth straight session on Thursday, trading above MYR 4,300 per tonne and holding a three-month high. Prices were lifted by strength in edible oil markets on the Dalian and Chicago exchanges, a weaker ringgit, and firmer crude oil, which improved overall risk appetite. Export momentum reinforced the upside, with cargo surveyors reporting shipments for January 1–25 rose between 7.97% to 9.97% from December. Seasonal demand ahead of Lunar New Year and Ramadan also underpinned sentiment, while expectations of a sharp January output drop due to weather and harvesting patterns added support. India, the world’s largest palm oil consumer, further bolstered demand as buyers cancelled soybean oil shipments from South America amid a weaker rupee and rising global prices, widening the price gap and making palm oil more attractive. Gains were capped, however, by caution ahead of China’s January PMI release, given its importance as a key buyer.
2026-01-29
Palm Oil Hits 13-week High
Palm Oil increased to 4309.00 MYR/T, the highest since October 2025. Over the past 4 weeks, Palm Oil gained 5.5%, and in the last 12 months, it increased 0.3%.
2026-01-29