★ Rising global palm oil production is gradually easing tightness in the edible oil market. Supported by better yields, improved plantation management and stable harvesting conditions, global palm oil output is projected to reach around 80 million tonnes. Palm oil is expected to contribute more than 43% of the total increase in global vegetable oil production. With higher supplies, crude palm oil (CPO) prices are projected to average around RM 4,000 per tonne in 2026.

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★ Soybean production is expected to remain steady in 2025–26, though US–China trade continues to be a key influencing factor. China is currently sourcing most of its soybean requirements from South America, particularly Brazil, which is keeping demand for US soybeans relatively limited.

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★ Soybean oil production is expected to remain resilient, with global supplies seen as adequate. A gradual improvement in US–China trade could provide some support to soybean oil prices, but a sharp price rally is considered unlikely. Overall, rising supplies of palm oil, sunflower oil and soybean oil are expected to improve balance and stability in the global edible oil market.