NewsSignals AI analysis·Trading Economics·Nov 3, 2026

Palm Oil Stays Below MYR 4,700

Grade Bbearish AI signal

Malaysian palm oil futures extended their decline, remaining below MYR 4,700 per tonne as abundant inventories and weakness in competing edible oils pressured prices. Palm oil stocks hit a record high in September and are expected to exceed 3 million tonnes by year-end, while Indonesia cut its November reference price by 6.1% to USD 978.90 per tonne. However, October export shipments surged 45.4%–73.5% monthly, and stronger biodiesel demand potential could help limit further downside.

Bullish strength: 30/100

October export shipments surged 45.4%–73.5% month over month.
Weaker ringgit helped limit losses.
Higher crude oil prices improved palm oil's biodiesel appeal.

Bearish strength: 70/100

Palm oil futures extended their decline below MYR 4,700 per tonne.
September inventories reached a record high.
Stocks are expected to exceed 3 million tonnes by year-end.
Weakness in Dalian-traded edible oils pressured prices.
Indonesia cut its November reference price by 6.1%.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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