Palm Oil Price Forecast for the Last Week of May 2026

Crude palm oil futures on Bursa Malaysia Derivatives are expected to trade with a softer bias next week as the crude oil market remains weak.

Trader David Ng of Iceberg X Sdn Bhd said market sentiment is also being affected by uncertainty surrounding Indonesian palm oil export policy. He expects prices to range between RM4,350 and RM4,550 per tonne next week.

Jim Teh, senior palm oil trader at Interband Group of Companies, said the coming week will be shorter because of public holidays. He expects profit-taking, with prices likely to move between RM4,200 and RM4,300 per tonne.

Malaysia’s palm oil stocks stood at 2.30 million tonnes in April. Physical buyers from major consuming regions are expected to remain active due to abundant supply.

On a weekly basis, palm oil futures contracts for June to November 2026 closed higher. Weekly trading volume also increased, while open interest declined slightly. The physical crude palm oil price for May in the southern region rose to RM4,500 per tonne.

Source: Bernama