Weather, energy markets to keep CPO above RM4,700: MPOC

The Malaysian Palm Oil Council (MPOC) expects crude palm oil (CPO) prices to remain above RM4,700 a tonne through the end of 2026, primarily due to weather-related supply risks and favorable energy markets. The main downside risks to prices include a decline in energy prices and further stock accumulation, as palm oil production typically peaks seasonally in September or October.

Malaysia's palm oil output grew 1.4% month-on-month to 1.81 million tonnes in August, supported by higher fresh fruit bunch collection and an improved oil extraction rate from July, but production remains below year-earlier levels for the sixth consecutive month.

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