Malaysian Palm Oil Council
Kenanga Research: Biodiesel demand and El Nino to support CPO prices
Published:
English editorial record · proofuel
Key points
- Kenanga Research maintains an overweight rating on the plantation sector, projecting CPO prices at RM4,500 per tonne for 2026 and RM4,700 per tonne for 2027.
- The firm attributes elevated prices to biodiesel demand from the Middle East conflict, Ukrainian sunflower oil export disruptions, and potential El Nino impacts on palm oil production.
Summary
Kenanga Research maintains an overweight rating on the plantation sector, projecting CPO prices at RM4,500 per tonne for 2026 and RM4,700 per tonne for 2027. The firm attributes elevated prices to biodiesel demand from the Middle East conflict, Ukrainian sunflower oil export disruptions, and potential El Nino impacts on palm oil production.
Original source title
Robust biodiesel demand set to buoy CPO price
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