Palm oil prices could range between RM4,000 and RM5,000 per tonne in 2025 in Indonesia and Malaysia

The Council of Palm Oil Producing Countries (CPOPC) forecasts palm oil prices could range between RM4,000 and RM5,000 per tonne in 2025, driven by stagnating production in key markets, particularly Indonesia and Malaysia. “As global demand for palm oil grows, stagnating production is likely to result in a supply shortage, driving prices higher,” CPOPC deputy secretary-general Datuk Nageeb Wahab told Bernama on Friday. He noted that the current price level of around RM5,000 per tonne might be temporary, largely influenced by Malaysia’s ongoing floods, which have bolstered bullish market sentiment. Nageeb also highlighted that the stagnation in production, exacerbated by ageing plantations, unpredictable weather, and limited expansion into new plantation areas, is expected to strain global supply, further pushing prices upward. Regarding CPOPC’s membership, Nageeb revealed that the council currently includes Malaysia, Indonesia, Honduras, and Papua New Guinea as full members, with ...