← BoonWui portfolioPalm Oil Monitor · View code

Disclaimer: Data may be delayed, incomplete or inaccurate. For education and research only. Use at your own risk. Not financial advice.

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Veg Oil & Energy Monitor

Palm oil competes with diesel as biodiesel feedstock and is priced in ringgit at home, so crude oil, gasoil and the ringgit move its demand and its local price. This page tracks them daily and turns them into the spreads palm traders watch.

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Crude oil and diesel

Both in US$ per tonne so they can be compared with vegetable oils. Diesel is the US Gulf Coast ultra-low-sulphur benchmark, a proxy for gasoil.

Brent crude, US$/tDiesel, US$/t

Palm oil against gasoil (POGO)

Palm oil minus diesel, US$ per tonne, monthly. When palm is far above diesel, blending it into biodiesel only happens where mandates or subsidies require it.

POGO spread, US$/tSoybean oil minus palm oil, US$/t

The ringgit

A weaker ringgit (more ringgit per dollar) lifts the local price of palm oil even when the dollar price is flat.

USD/MYR, daily

Ringgit per US dollar (Bank Negara Malaysia)

Palm oil in dollars and ringgit, rebased to 100

US$/tRM/t

Sources and method

Brent and diesel: U.S. Energy Information Administration daily spot prices (public domain). Ringgit: Bank Negara Malaysia Open API, the noon USD/MYR rate (mid of buying and selling). Palm and soybean oil: World Bank monthly averages, via the Palm Oil Market Monitor. Palm in ringgit = the dollar price times that month's average USD/MYR; this is an indication, not the Bursa FCPO price. Conversions: 1 tonne of crude ≈ 7.33 barrels; 1 tonne of diesel ≈ 312.6 US gallons. POGO = palm oil (US$/t) minus diesel (US$/t), both monthly averages. A GitHub Actions job updates the data every morning. Not financial advice.