Asian palm oil prices hit three-month high on stronger rival oils, lower production

Asian crude palm oil prices climbed to their highest level in more than three months, supported by firmer rival vegetable oils, expectations of lower output in key producing countries, and improving export prospects, market sources told Platts. Platts, part of S&P Global Energy, assessed crude palm oil FOB Indonesia for February loading at $1,115/mt on Jan. 28, up $5/mt from the previous day and 4.45% higher month over month. The price was last assessed above this level on Oct. 21, 2025, at $1,122.5/mt. The price increase dampened immediate buying interest as buyers adopted a wait-and-see approach. “The purchasing interest has dropped amid higher levels,” an India-based trader said. “However, Indian buyers are still undercovered for February and March, so demand is expected to re-emerge when prices decline from current levels.” Additionally, the spread between February and March FOB Indonesia crude palm oil loading prices widened to $30/mt, with the March loading price assessed at ...