World Palm Oil Price today

Palm Oil prices today, September 8, 2026, are trading at 4,978.00 MYR/ton, equivalent to approximately 27,789,088 VND/ton. According to updated data, the market is recording a stable trend with a slight change of +0.04% compared to the previous trading session, despite an adjustment difference of about -2.00 MYR (equivalent to -11,165 VND) depending on the time of order matching. This price reflects the supply-demand balance of the agricultural commodity group in the context of an international market with few sudden fluctuations.

In the short-term cycle, palm oil prices are maintaining a fairly high level compared to last month. Specifically, the average price this month reached 4,947.25 MYR (about 27,617,429 VND/ton), a marked increase compared to last month's average of 4,792.48 MYR (about 26,753,445 VND/ton). Over the past 30 days, palm oil prices have fluctuated between 4,697.00 MYR and 5,018.00 MYR/ton, indicating that the market has established a firmer new price level.

In the Vietnamese market, importing and food production enterprises should note this development to adjust their business plans. The fact that palm oil prices remained stable around the threshold of 27.7 million VND/ton on September 8, 2026, helps ease the pressure of input cost fluctuations for related industries. According to specialized reports, the stability of world palm oil prices is a key factor in stabilizing the domestic agricultural raw material price index.

Crude Palm Oil (CPO) prices are influenced by many complex factors, primarily revolving around supply and demand dynamics in the global market. On the supply side, production from the two largest producers and exporters, Indonesia and Malaysia, plays a decisive role, affected by planting area, tree yields (tree age, care conditions), production costs (labor, fertilizer, fuel), and inventory levels. Competition from other vegetable oils such as soybean oil, rapeseed oil, and sunflower oil also impacts palm oil prices.

On the demand side, consumption demand from the food industry (cooking oil, confectionery, instant noodles), cosmetics, and especially demand for biofuel production (biodiesel) are the main factors. Mandatory biodiesel blending ratio policies in Indonesia and Malaysia have a huge impact on palm oil demand. In addition, import demand from major markets such as India, China, and the European Union is also an important driver.

Policy and weather factors also have a significant impact. Export and import policies of producing countries (export taxes, quotas, bans) or regulations on sustainable development (RSPO, ISPO) can change supply and costs. Regarding weather, extreme climate phenomena such as El Nino (causing drought) or La Nina (causing heavy rain, flooding) can seriously affect yields and harvesting activities, thereby directly impacting output and prices.

Finally, geopolitical and macroeconomic factors cannot be ignored. Trade conflicts and regional tensions can disrupt supply chains and increase transportation costs. Global crude oil prices are also linked to palm oil prices because palm oil is used as a feedstock for biodiesel. Fluctuations in exchange rates, especially the Malaysian Ringgit (MYR) against the US Dollar (USD), also affect the competitiveness of palm oil in the international market.

Palm oil (CPO) prices are expected to maintain a sideways trend with potential for a slight increase within a narrow range in the coming period, supported by several fundamental factors but also facing restraining pressures.

Regarding fundamentals, supply from major producers such as Malaysia and Indonesia may increase slightly following the peak production cycle. However, concerns about shifting weather patterns (potential La Niña) toward the end of the year could affect yields in the long term, creating a support base for prices. Demand from key importing markets like India and China is expected to stabilize or recover slightly as the global economy shows signs of improvement and stockpiling occurs ahead of festive seasons. Additionally, crude oil prices remaining at high levels continue to support palm oil prices due to its link to the biofuel industry.

On the other hand, palm oil prices may face pressure from increasing competition with other vegetable oils such as soybean oil and sunflower oil, especially if the production of these oils improves. Palm oil inventories in major producing countries also need to be closely monitored; if inventories rise more sharply than expected, prices could come under downward pressure. In terms of technical analysis, palm oil prices on the BMD exchange are currently testing key resistance levels, indicating a trend of fluctuating within a certain price channel before a clearer move emerges.