(21 Jan 2026, 11:37)

Commodities Buzz: Crude palm oil likely to remain range-bound, says MPOC

Crude palm oil (CPO) prices are likely to remain range-bound between RM 4000 and RM 4300 per tonne in February, supported by seasonal declines in production and inventory levels, the Malaysian Palm Oil Council (MPOC) said in a latest update. CPO prices have held above RM4,000 throughout January. It noted that global import demand for palm oil is expected to strengthen, potentially surpassing soybean oil in 1Q2026. MPOC also highlighted that soybean oil prices in Argentina reached a two-year high in January and traded at a premium of US$140 per tonne over Malaysian RBD palm olein. A sustained price rally in palm oil and other vegetable oils would require either a progressive rollout of Indonesia’s B45 biodiesel mandate, a recovery in crude oil prices, or clarity on US biofuel policy that boosts soybean oil demand, according to MPOC.

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Commodities Buzz: Crude palm oil likely to remain range-bound, says MPOC