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Key Takeaway
Malaysian Palm Oil Futures (First Contract) prices increased from US$ 1,034/MT in October 2024 to US$ 1,133/MT in September 2026, a gain of 9.6%. Prices declined to a low of US$ 902.79/MT in May 2025 before recovering through the remainder of the period, with a particularly strong increase during February–March 2026. The trend indicates a moderate upward movement in the quoted benchmark.
- Malaysian palm oil futures are influenced by production trends in Malaysia and Indonesia, plantation yields, rainfall, labour availability, and harvesting conditions. Changes in palm oil inventories and monthly export volumes provide important signals about market tightness. Demand from major importing countries, particularly India and China, affects export expectations, while biodiesel mandates and crude oil prices influence palm oil's industrial and energy-related uses.
- Competition from soybean, rapeseed, and sunflower oils can redirect demand between vegetable oils. Export levies, currency movements, futures-market positioning, and expectations about upcoming harvests can also contribute to price fluctuations.
About This Dataset
This dataset tracks the first forward contract for Malaysian palm oil futures with a specified 4–5% free fatty acid (FFA) basis, quoted in US dollars per metric ton. It supports monitoring of palm oil benchmark prices and analysis of movements linked to production, inventories, export demand, biodiesel policy, and competition with other vegetable oils.
Methodology
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