MPOC makes new predictions of palm oil prices
(MENAFN) The Malaysian Palm Oil Council (MPOC) expects palm oil prices to remain above 4,400 ringgit ($1,041) per tonne in 2026 despite ongoing market uncertainties, reports indicate.
In a statement, the council highlighted cautious market sentiment, citing factors such as weak crude oil prices, high vegetable oil inventories in major consuming countries, rising trade tensions, and growing global soybean stocks.
MPOC noted that vegetable oil prices are likely to stay firm through the rest of 2025, supported by strong demand for both palm and soybean oils. Limited exportable soybean oil from Argentina is expected to boost prices in the coming months, while speculation around Indonesia’s B50 biofuel mandate is anticipated to continue supporting palm oil markets.
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