Palm Oil Price Forecast for the Fourth Week of April 2026

Crude palm oil futures on Bursa Malaysia Derivatives are expected to steady with a downward bias next week, amid ample supply and falling energy prices.

Jim Teh, senior palm oil trader at Interband Group of Companies, said crude palm oil prices are likely to move within a narrower range as crude oil prices retreat on improving geopolitical developments.

Speaking to Bernama, he said: "Crude palm oil prices will see a degree of stability; that is to say, energy prices are falling given that the situation between the United States and Iran is heading towards negotiations." He noted that the futures market is expected to trade between 4,200 and 4,350 Malaysian ringgit next week.

The market continues to take its cues from energy prices, with speculators likely to take profits after the recent upward trend.

Teh added that supply conditions remain ample in both Malaysia and Indonesia, with no immediate concerns about shortages. Demand, meanwhile, is expected to be driven by major importing countries such as China, India and Pakistan, as well as several Middle Eastern and European Union markets.

On a weekly basis, Friday to Friday, futures fell as follows:

• May 2026 contract: down 114 ringgit to 4,386 ringgit per tonne.
• June 2026 contract: down 116 ringgit to 4,422 ringgit per tonne.
• July 2026 contract: down 101 ringgit to 4,450 ringgit per tonne.
• August 2026 contract: down 82 ringgit to 4,457 ringgit per tonne.
• September 2026 contract: down 71 ringgit to 4,449 ringgit per tonne.
• October 2026 contract: unchanged at 4,435 ringgit per tonne.

Weekly trading volume rose to 429,556 lots, compared with 391,313 lots the previous week, while open interest rose to 260,192 contracts from 259,223 previously.

The physical price of crude palm oil for April delivery in the southern region fell 120 ringgit to 4,460 ringgit per tonne.

Source: Bernama