Palm olein prices have seen notable fluctuations in recent months, primarily influenced by shifting global supply dynamics and changes in demand from major importing nations. Prices declined earlier due to improved production in Southeast Asia and weak demand for competing oils, which led to a temporary market correction. However, the recent drop in prices has encouraged renewed buying interest from key markets such as India and China, providing support to the market. At the same time, domestic usage policies in producing countries, especially for biofuel blending, are tightening export volumes, further affecting availability. As a result,
palm olein prices have now stabilized, hovering around the USD 900 per metric ton range, with expectations of a steady outlook in the near term.
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