The Malaysian Palm Oil Council (MPOC) has projected crude palm oil (CPO) prices to trade within RM4,000–RM4,300 per ton in March 2026. The outlook reflects steady demand from India and China, balanced supply conditions, and cautious optimism amid global trade uncertainties and climate-related risks.
Malaysia’s palm oil industry is entering March 2026 with cautious optimism as the MPOC forecasts crude palm oil prices to range between RM4,000 and RM4,300 per ton. The projection is supported by consistent demand from major importers like India and China, alongside stable production levels in Malaysia and Indonesia.
Analysts note that while biofuel demand and food industry consumption remain strong, risks such as climate variability, global trade policies, and currency fluctuations could influence price stability. The forecast aligns with broader industry expectations of firm but range-bound prices, reflecting resilience in the sector despite external challenges.
Key Highlights
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Price Range: RM4,000–RM4,300 per ton (March 2026)
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Demand Drivers: Strong imports from India and China, biofuel growth
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Supply Context: Stable production in Malaysia and Indonesia
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Risks: Climate variability, global trade regulations, currency fluctuations
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Outlook: Firm but range-bound prices, cautious optimism for Q1 2026
Source: Palm Oil Magazine, MARC Ratings, Oils & Fats International (February 2026)