Malaysian palm oil settlement price stable in first part of November
1 RM (Malaysian Ringgit) = 0.24 USD*
1 USD = 0.76 GBP
*Note, exchange rates are for November, 17 2025
After the sharp fall in values for the Malaysia Crude Palm Oil settlement price in October, it stabilised in November, trading in a small band of 0.9% from RM4,104/tonne (US$985) to RM4,140/tonne (US$994). By the 14th of November, it was at RM4,125/tonne, which was 7.4% less than the month before. The latest price was 17.1% less than the year before and 41.9% less than the all-time high in April 2022.
Malaysia CPO Settlement Price RM
Analysis: Weakening Ringgit and higher vegetable oil prices push up palm oil price
Malaysian palm oil prices have been supported by a weaker Ringgit and higher vegetable oil prices on US and Chinese commodity exchanges. Soyoil prices, in particular, have increased.
On the bearish side of the market, Malaysia’s palm oil exports have fallen in the first half of November following a strong showing in October. According to crop monitoring company Intertek Testing Services, Malaysian palm oil exports were down 15.5% in early November.
Crude oil prices have fallen, which could reduce the demand for palm oil for processing into biodiesel. However, Indonesia has a bold program of replacing conventional diesel with biodiesel which could tightening supplies and push up global palm oil prices, including from Malaysia.
Malaysian palm oil production bounces back in October
Malaysian crude palm oil production rose in October by 11.0% to 2.044 million tonnes, according to the Malaysian Palm Oil Board. Palm kernel production rose 10.45% to 477,775 tonnes, with crude palm kernel oil production up 6.8% to 210,529 tonnes.
Stocks of crude palm oil were up 18.8% to 1.474 million tonnes, while processed palm oil stocks fell 9.5% to 990,766 tonnes. Palm kernel stocks were 19.5% higher, and there was a drop of 3.5% increase in palm kernel oil stocks to 298,716 tonnes.
Exports of palm oil rose 18.6% in the month to 1.693 million tonnes, but there were decreases in palm kernel oil and cake shipments. Imports of processed palm oil halved to 36,283 tonnes.
December Malaysia palm oil reference price down, but duty remains at 10%
The Malaysian Palm Oil Board has reduced the December crude palm oil reference price, but the value is not low enough to trigger an export duty of less than 10%.
The December reference price is RM4,206.38/tonne (US$1,009), which compares to RM4,262.23/tonne (US$1,023). The export tax structure starts at 3% for crude palm oil in a RM2,250 (US$540) to RM2,400/tonne (US$576). The maximum tax rate is set at 10% when prices exceed RM4,050/tonne (US$972).
Disclaimer: The information in this document has been obtained from or based upon sources believed to be reliable and accurate at the time of writing. The document should be for information purposes only and is not guaranteed to be accurate or complete.