CPO prices could return to RM5,000 per tonne in Q1 2027 – Analyst
KUALA LUMPUR: Crude palm oil (CPO) prices could return to the RM5,000-per-tonne level as early as in the first quarter (Q1) of 2027, driven by potential disruptions to the sunflower oil market and developments surrounding the Russia-Ukraine conflict, said an analyst.
KUALA LUMPUR — Crude palm oil (CPO) prices could rebound to RM5,000 per tonne as early as the first quarter of 2027, according to an analyst. Thomas Mielke, executive director of ISTA Mielke GmbH, added that both CPO and Malaysian FOB palm oil could reach US$1,300 per tonne, though the exact timing is unclear. The analyst suggested that CPO prices might return as early as January 2027 during a panel discussion at the Malaysian Palm Oil Forum (MPOF) Kuala Lumpur 2026.
Glenauk Economics' Julian McGill and Frost & Sullivan's Nikhil Vallabhan also participated in the discussion. Mielke noted that the situation in the Black Sea sunflower oil market could provide a boost to palm oil prices. Despite a projected slowdown in global palm oil production growth to 1.3 million tonnes or less over the next decade, CPO continues to dominate the global oils and fats market, accounting for 31% of production share and 49% of export share.
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