Ivy Ng Lee Fang, an analyst at Lianchang International Securities, stated in a report that palm oil inventories in Malaysia may decrease by 8% from the previous month to 2.48 million tons in March, as stronger exports may offset the impact of increased production. Since the end of February, supported by the rise in crude oil and soybean oil prices during the Middle East conflict, crude palm oil prices have risen by about 9.5% to about 4,428 ringgit per ton.

Ivy Ng Lee Fang said that the current price is higher than the average forecast of 4,000 ringgit per ton in 2026, indicating that there is potential upside in the price if the conflict persists. She added that the rise in crude palm oil prices is beneficial for plantation owners, but the global growth slowdown caused by rising fertilizer costs and high energy prices may limit the increase.

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