Palm Oil Price Outlook for Last Week of November 2025

A trader said crude palm oil futures on Bursa Malaysia Derivatives are expected to trend lower next week amid expectations of rising palm oil output.

Palm oil trader David Ng said market performance would also be affected by weaker seasonal demand for palm oil. He told Bernama: "So, we expect prices to range between 4,000 and 4,150 ringgit per tonne next week."

Meanwhile, Jim Teh, chief palm oil trader at Interband Group of Companies, expects crude palm oil to trade between 3,900 and 4,000 ringgit per tonne amid the high stock levels recorded in October 2025.

He said: "This is a good price for growers, given the strength of the currency, with the ringgit gaining strength." He noted that demand for palm oil is slowing as China shifts to buying more soybean oil from the United States, in addition to the usual weakness in demand towards the end of the year.

He added: "In addition, physical demand will come from India, Pakistan, the European Union, the Middle East and the United States."

Weekly performance:

• The December 2025 contract fell by 50 ringgit to 4,050 ringgit per tonne.
• The January 2026 contract dropped by 65 ringgit to 4,063 ringgit per tonne.
• The February 2026 contract declined by 76 ringgit to 4,069 ringgit per tonne.
• The March 2026 contract fell by 81 ringgit to 4,078 ringgit per tonne.
• The April 2026 contract dropped by 85 ringgit to 4,082 ringgit per tonne.
• The May 2026 contract stood at around 4,084 ringgit per tonne.

Weekly trading volume rose to 481,674 lots compared with 402,878 lots the previous week, while open interest edged up to 287,400 contracts from 269,476 contracts previously.

In the physical market, the price of crude palm oil for the December (South) contract rose by 20 ringgit to 4,100 ringgit per tonne.

Source: Bernama