Malaysia: Palm oil prices forecast at RM3,800-RM4,100 in January 2026

Malaysia’s palm oil prices are expected to remain range-bound between RM3,800 and RM4,100 in January 2026, supported by a balanced supply-demand outlook, said the Malaysian Palm Oil Council (MPOC). MPOC said the first quarter is typically the seasonal low for production, while demand is expected to improve ahead of the Lunar New Year and Ramadan, supporting a drawdown in stocks. Malaysia’s palm oil production declined by 108,000 tonnes, or 5.3 per cent month-on-month, to 1.93 million tonnes in November. Exports also fell short of expectations at 1.21 million tonnes, largely due to weaker demand from Sub-Saharan Africa after the region imported nearly 600,000 tonnes in October, resulting in reduced purchases in November. “Looking ahead to 2026, Malaysia’s palm oil exports are forecast to rise to 16.2 million tonnes, while production is expected to ease to 19.7 million tonnes as oil palm trees enter a resting phase following solid performance in 2025,” it said. Meanwhile, MPOC said ...