Malaysian palm oil futures rose for the third session to around RM3,781 a tonne on Thursday, tracking gains in rival soya oil and improving demand ahead of the Ramadan festival. Independent inspection company AmSpec Agri Malaysia said Malaysian palm oil products for April 1-15 rose 13.1% from a month earlier and Cargo surveyors data are set to be released later in the day. Traders foresee April exports to be a robust as India, the biggest buyer of edible oil seeks to replenish stocks to meet higher demand from hotels and restaurants. Palm-based biodiesel demand from the US is also expected to rise as the country seeks to replace corn-based ethanol due to low corn supplies.

Historically, Palm Oil reached an all time high of 4298 in March of 2008. Palm Oil - data, forecasts, historical chart - was last updated on April of 2021.

Palm Oil is expected to trade at 3600.87 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 3093.28 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
62.7900 0.36 -0.57% 5.35% -3.10% 29.41% Apr/15
Brent
USD/Bbl
66.3200 0.26 -0.39% 4.94% -3.03% 28.03% Apr/15
Natural gas
USD/MMBtu
2.6100 0.01 -0.27% 3.49% 1.87% 2.80% Apr/15
Gasoline
USD/Gal
2.0234 0.01 -0.59% 3.27% -3.70% 43.49% Apr/15
Heating oil
USD/Gal
1.8818 0.01 -0.43% 3.98% -2.63% 26.81% Apr/15
Ethanol
USD/Gal
2.0000 0.06 3.09% 8.05% 11.05% 39.57% Apr/14
Naphtha
USD/T
554.45 14.07 2.60% 1.12% -6.71% 28.14% Apr/14
Propane
USD/Gal
0.82 0.01 -0.65% -8.74% -13.83% 26.40% Apr/14
Uranium
USD/Lbs
29.9000 0.05 0.17% -3.70% 7.75% -2.61% Apr/14

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,756.28 20.28 1.17% 0.02% 1.46% -7.39% Apr/15
Silver
USD/t.oz
25.781 0.37 1.46% 1.38% -0.69% -2.19% Apr/15
Platinum
USD/t.oz
1,198.57 28.07 2.40% -2.53% -1.11% 12.44% Apr/15

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,413.5000 3.50 0.25% -0.12% -0.69% 8.17% Apr/15
Wheat
USd/Bu
646.0000 2.00 -0.31% 2.74% -0.15% 0.86% Apr/15
Palm Oil
MYR/T
3,811.00 81.00 2.17% 0.53% -2.21% 5.86% Apr/15
Cheese
USD/Lbs
1.6950 0.01 -0.82% 0.18% 4.82% 2.98% Apr/14
Milk
USD/CWT
17.49 0.11 -0.63% -0.34% 7.04% 10.70% Apr/14
Rubber
JPY/Kg
223.90 1.40 -0.62% -6.12% -16.92% -16.70% Apr/15
Orange Juice
USd/Lbs
111.60 0.60 0.54% 2.10% -6.53% -9.45% Apr/15
Coffee
USd/Lbs
132.15 0.05 0.04% 3.36% 0.49% 3.04% Apr/15
Lumber
USD/1000 board feet
1,212.70 32.00 2.71% 12.87% 16.61% 38.90% Apr/14
Oat
USd/Bu
383.0000 0.50 0.13% 1.66% 2.41% 6.17% Apr/15
Wool
AUD/100Kg
1,285.00 8.00 -0.62% -1.15% -1.83% 9.74% Apr/14
Cotton
USd/Lbs
84.19 0.01 -0.01% 3.41% -3.14% 7.77% Apr/15
Cocoa
USD/T
2,434.00 13.00 0.54% 3.35% -3.11% -6.49% Apr/15
Rice
USD/cwt
13.1600 0.01 -0.04% -0.08% 1.70% 7.52% Apr/15
Canola
CAD/T
819.00 8.20 -0.99% 0.69% 2.98% 30.10% Apr/15
Sugar
USd/Lbs
15.98 0.12 0.76% 5.27% -1.96% 3.16% Apr/15
Tea
USD/Kgs
2.65 0.00 0.00% -3.64% -12.83% -7.67% Apr/14
Corn
USd/BU
590.5000 3.50 -0.59% 1.85% 6.54% 22.00% Apr/15

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.47 0.05 0.24% 0.99% 3.07% 12.84% Apr/14
Feeder Cattle
USd/Lbs
141.0000 0.15 -0.11% -4.49% 2.90% 1.48% Apr/15
Live Cattle
USd/Lbs
122.3500 0.25 0.20% -1.45% 3.51% 6.37% Apr/15
Lean Hogs
USd/Lbs
103.5000 0.10 -0.10% 0.02% 11.41% 47.28% Apr/15
Poultry
BRL/Kgs
6.24 0.01 0.16% 0.81% -2.95% 3.83% Apr/14

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.2175 0.10 2.48% 2.88% 3.40% 19.85% Apr/15
Lithium
CNY/T
90,000.00 0.00 0.00% 0.00% 5.88% 93.55% Apr/15
Bitumen
CNY/T
2,954.00 172.00 6.18% 6.26% -0.61% 24.01% Apr/15
Steel
CNY/T
5,142.00 58.00 1.14% -0.19% 9.24% 21.85% Apr/14
Coal
USD/T
90.25 0.28 0.31% 0.39% 4.86% 11.12% Apr/14
Palladium
USD/t.oz
2,740.85 64.10 2.39% 4.42% 9.71% 11.98% Apr/15
Cobalt
USD/T
49,750.00 0.00 0.00% 0.00% -5.44% 54.55% Apr/14
Lead
USD/T
1,973.75 9.50 0.48% 0.10% 1.82% -0.10% Apr/14
Aluminum
USD/T
2,357.00 28.75 1.23% 3.11% 7.34% 19.00% Apr/15
Tin
USD/T
26,355.00 270.00 1.04% 2.29% 4.69% 29.73% Apr/15
Zinc
USD/T
2,842.25 10.25 0.36% -0.69% 1.60% 3.32% Apr/15
Nickel
USD/T
16,334.50 218.00 1.35% -1.53% 1.03% -1.32% Apr/14
Molybdenum
USD/Kg
28.05 0.00 0.00% 0.00% -2.43% 19.36% Apr/14
Iron Ore
USD/T
172.50 0.00 0.00% 1.77% 5.83% 8.83% Apr/14
Soda Ash
CNY/T
1,752.00 0.00 0.00% 0.00% 3.30% 30.75% Apr/15
Neodymium
CNY/T
740,000.00 25,000.00 -3.27% -3.27% -13.45% 18.88% Apr/14
Iron Ore 62% fe
USD/T
171.42 0.38 0.22% 1.29% 1.88% 10.00% Apr/14
Rhodium
USD/t oz.
28,100.00 0.00 0.00% -3.10% 14.69% 65.29% Apr/14
Manganese
CNY/T
30.25 0.00 0.00% 0.83% -3.20% -3.20% Apr/14

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
204.52 4.58 2.29% 3.30% -0.50% 14.71% Apr/14
LME Index
Index Points
3,903.80 65.90 1.72% 1.41% 0.71% 14.33% Apr/14
S&P GSCI
Index Points
2,341.50 66.38 2.92% 3.74% -0.89% 18.44% Apr/14