- Global crude palm oil pricing in Q2 2026 showed a volatile pattern, with early weakness from slow exports and higher stocks, followed by mid-quarter recovery driven by lower production and biodiesel-linked demand support.
- Feedstock movement was shaped by competing vegetable oils and crude oil swings, while Malaysian output fluctuations and Indonesian policy expectations influenced short-term supply direction.
- Downstream demand from food processing and biodiesel remained steady, but import switching toward soybean and sunflower oil limited sustained upside in key consuming regions.
Asia
Malaysia: In Malaysia, the monthly average Crude Palm Oil price was ~MYR 4.71/kg in April and around MYR 4.78/kg in the subsequent month, showing an increase of approx. 1.4%. Prices were influenced by volatile production trends, with output falling 6.96% month-on-month in May and stocks rising 5.15% due to weak exports, keeping supply-demand balance uneven. Similarly, in Indonesia, the monthly average Crude Palm Oil price was about IDR 20,275.71/kg in April and ~IDR 21,277.46/kg in the subsequent month, showing an increase of ~4.9%. Prices moved higher supported by tighter export availability and expectations around biodiesel blending policy expansion, despite intermittent export weakness earlier in the quarter.
In India, the monthly average Crude Palm Oil price was ~INR 117.05/kg in April and ~INR 122.65/kg in the subsequent month, showing an increase of around 4.8%. Prices were up amid high prices for imports and occasional supply tightening around Southeast Asia, while a diversion in edible oil consumption into soybean and sunflower oils was seen.
Europe
In Rotterdam, the monthly average Crude Palm Oil price was ~EUR 1.07/kg in April and around EUR 1.10/kg in the subsequent month, showing an increase of ~2.2%. Prices continued to be pressured by lower import demand and substitution towards competing vegetable oils, even though consumption related to biofuels was providing some support amidst an otherwise weak market for edible oils.
North America
In North America, the monthly average Crude Palm Oil price was about USD 1,228.00/MT in April and approx. USD 1,266.07/MT in the subsequent month, showing an increase of ~3.1%. Prices moved higher on improved import expectations and steady demand from food and oleochemical applications, though palm oil remained secondary to soybean oil in biofuel blending demand.