Palm oil futures have been falling since November 18th towards an over 1-month low of RM2,600 per tonne, as Malaysia’s palm oil stockpiles continue to recover while demand from India likely fell to a 5-month low. Purchases from the world’s biggest buyer India are expected to drop almost 20% from a month earlier in November amid rising prices and following extra-large festival purchases. Meantime, India lowered in November import tax on crude palm oil to 27.5% from 37.5% to protect local consumers from a rally in global prices.

Historically, Palm Oil reached an all time high of 4298 in March of 2008. Palm Oil - data, forecasts, historical chart - was last updated on December of 2020.

Palm Oil is expected to trade at 2508.63 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 2155.01 in 12 months time.

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Palm Oil


Palm Oil
Crude Palm oil is a vegetable oil and it's used primarily in processed food. The biggest producers of palm oil are: Indonesia, Malaysia, 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.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
 47.5400 1.56 -3.18% 1.17% 10.40% -22.31% Dec/21
Brent
USD/Bbl
 50.5700 1.69 -3.23% 0.56% 9.79% -23.83% Dec/21
Natural gas
USD/MMBtu
2.7010 0.00 0.04% 0.71% -0.37% 25.73% Dec/21
Gasoline
USD/Gal
 1.3515 0.04 -3.16% 2.46% 12.25% -21.28% Dec/21
Heating oil
USD/Gal
 1.4664 0.05 -3.08% 0.83% 11.90% -27.63% Dec/21
Ethanol
USD/Gal
 1.3200 0.00 0.00% 0.00% -5.04% -5.52% Dec/18
Naphtha
USD/T
 435.64 2.42 0.56% 3.15% 19.60% -18.74% Dec/18
Propane
USD/Gal
 0.64 0.01 2.22% 9.68% 20.10% 45.29% Dec/18
Uranium
USD/Lbs
 30.1000 0.00 0.00% 1.18% 3.97% 21.13% Dec/18

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
 1,896.00 15.34 0.82% 3.77% 3.28% 24.06% Dec/21
Silver
USD/t.oz
 26.592 0.82 3.20% 11.65% 12.79% 47.57% Dec/21
Platinum
USD/t.oz
 1,042.90 6.84 0.66% 3.53% 12.60% 8.30% Dec/21

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
 1,227.0000 7.25 0.59% 5.03% 3.00% 28.20% Dec/21
Wheat
USd/Bu
 609.5000 1.25 0.21% 4.14% 1.80% 8.57% Dec/21
Cheese
USD/Lbs
 1.6270 0.00 -0.12% -1.21% -32.99% -9.81% Dec/18
Palm Oil
MYR/T
 2,639.00 13.00 0.50% 0.73% -8.05% -4.59% Dec/18
Milk
USD/CWT
 15.64 0.01 0.06% -0.95% -32.35% -8.32% Dec/18
Coffee
USd/Lbs
 123.70 1.35 -1.08% 4.12% 2.53% -2.68% Dec/18
Wool
AUD/100Kg
 1,171.00 0.00 0.00% -2.25% 1.04% -24.84% Dec/18
Tea
USD/Kgs
 2.95 0.00 0.00% 1.72% 8.86% 18.00% Dec/18
Sugar
USd/Lbs
 14.44 0.24 -1.63% 0.07% -5.50% 9.98% Dec/18
Cocoa
USD/T
2,506.00 35.00 -1.38% -8.77% -14.03% -1.03% Dec/18
Orange Juice
USd/Lbs
 117.20 1.55 1.34% 0.99% -8.37% 23.56% Dec/18
Lumber
USD/1000 board feet
 850.30 10.20 1.21% 6.96% 37.83% 109.07% Dec/18
Rice
USD/cwt
 12.5800 0.00 0.00% 0.88% 1.13% -2.74% Dec/21
Canola
CAD/T
 624.00 0.20 0.03% 4.65% 6.83% 32.34% Dec/21
Rubber
JPY/Kg
 282.00 8.00 2.92% 17.30% 12.80% 60.05% Dec/21
Oat
USd/Bu
 338.2500 0.50 0.15% -1.89% 17.75% 13.51% Dec/21
Cotton
USd/Lbs
 77.11 0.05 -0.06% 3.27% 6.87% 11.32% Dec/21
Corn
USd/BU
 439.5000 2.00 0.46% 3.66% 3.05% 13.49% Dec/21

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
 17.11 0.08 -0.47% -0.81% -10.14% 18.98% Dec/18
Poultry
BRL/Kgs
 5.71 0.00 0.00% -4.67% -12.42% 6.73% Dec/18
Feeder Cattle
USd/Lbs
 140.4500 0.53 -0.37% 0.52% 2.69% -2.90% Dec/18
Lean Hogs
USd/Lbs
 65.8000 0.30 0.46% 1.74% 3.30% -8.04% Dec/18
Live Cattle
USd/Lbs
 110.4750 1.13 1.03% 1.59% 2.06% -12.02% Dec/18

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
 3.5960 0.03 -0.90% 2.26% 10.27% 27.65% Dec/21
Lithium
CNY/T
 39,000.00 0.00 0.00% 0.00% -71.32% -21.21% Dec/21
Bitumen
CNY/T
 2,562.00 26.00 -1.00% 5.09% 13.66% -16.66% Dec/18
Steel
CNY/T
 4,376.00 113.00 2.65% 6.08% 6.73% 16.94% Dec/18
Cobalt
USD/T
 32,200.00 0.00 0.00% 0.63% -0.60% -1.68% Dec/18
Lead
USD/T
 2,031.25 10.75 -0.53% -1.20% 3.49% 6.15% Dec/18
Aluminum
USD/T
 2,057.00 10.00 -0.48% 1.28% 3.48% 13.99% Dec/18
Tin
USD/T
 20,060.00 162.50 0.82% 2.75% 7.10% 16.70% Dec/18
Zinc
USD/T
 2,860.50 9.00 0.32% 2.67% 3.86% 23.83% Dec/18
Nickel
USD/T
 17,428.00 32.00 -0.18% 1.14% 10.35% 24.93% Dec/18
Molybdenum
USD/Kg
 23.50 0.00 0.00% 0.00% 0.00% 6.58% Dec/18
Iron Ore
USD/T
 161.50 6.00 3.86% 3.19% 27.17% 75.54% Dec/18
Coal
USD/T
 83.25 0.50 0.60% 2.59% 29.57% 19.47% Dec/18
Palladium
USD/t.oz
 2,370.66 9.85 0.42% 3.41% 0.67% 22.23% Dec/21
Rhodium
USD/t oz.
 16,500.00 0.00 0.00% 1.23% 6.80% 172.73% Dec/18
Manganese
CNY/T
 28.00 0.00 0.00% 0.00% 0.00% -11.11% Dec/18
Soda Ash
CNY/T
 1,400.00 0.00 0.00% -4.50% -22.94% -10.64% Dec/18
Neodymium
CNY/T
 595,000.00 0.00 0.00% -2.46% 18.41% 64.36% Dec/18
Iron Ore 62% fe
USD/T
 152.4900 1.12 0.74% 0.31% 24.14% 64.71% Dec/18

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
 1,325.00 24.00 1.84% 9.41% 16.84% 35.76% Dec/18
CRB Index
Index Points
 176.86 1.02 0.58% 3.23% 7.37% -10.06% Dec/18
LME Index
Index Points
 3,522.30 20.00 0.57% 2.31% 9.00% 23.88% Dec/18
S&P GSCI
Index Points
 1,969.94 16.93 0.87% 3.63% 9.99% -24.00% Dec/18