Uploaded August 2026 | Updated September 2026, 2 weeks ago

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Palm oil prices are climbing again as a negative POGO spread, Indian festive restocking and El Niño supply risk converge.

Isabela Garcia, StoneX Brazil Senior Market Intelligence Analyst, breaks down what pulled the palm oil market out of its sideways range.

She walks through the negative POGO spread that makes palm based biodiesel economic again, the Indonesia B50 mandate now diverting close to 2 million tonnes toward domestic use, and the Malaysian export rebound that sent volume into India ahead of the festive season. She also covers why El Niño conditions matter for Malaysian and Indonesian yields, and why that damage shows up in supply only after a lag.

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00:00 - Palm Oil Finds Its Own Bid
01:22 - Diesel Rally Flips POGO Spread
02:13 - Indonesia B50 Mandate Expands
02:39 - India Restocks for Festivals
03:42 - Weather Risk With a Long Lag
05:32 - Tight Balance After Pullback

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#PalmOil #StoneX #IsabelaGarcia #Biodiesel