MPOC Expects CPO Price Within RM4100-RM4300 Supported By Strong Soy Oil Market

MT in June 2024. The Malaysian Palm Oil Council noted that in the first half of 2025, Kenya ranked as Malaysia’s second-largest palm oil buyer, overtaking the EU27 by 21,000 MT and China by 117,000 MT. Kenya accounted for 30% of Malaysia’s total palm oil exports to Sub-Saharan Africa, with full-year imports projected to reach 1.3 million MT from Malaysia. Kenya continues to stand out as a key growth market, underpinned by its rising consumption. Over 90% of Kenya’s palm oil imports are consumed domestically for food purposes. Global vegetable oil prices have recovered from early-year losses, led by a sharp rebound in soybean oil, which has risen 19% since January. This outpaced gains in rapeseed oil (+6.6%) and palm oil (+3.7%), while sunflower oil remained relatively stable with a modest 1.7% increase. Soybean oil remains the top performing vegetable oil year-to-date, supported by the U.S. biofuel policy announced in mid-June, which is expected to spur demand for domestically ...