PETALING JAYA: IOI Corp Bhd
expects crude palm oil (CPO) prices to remain supported by elevated soybean oil prices and higher biodiesel mandates in Malaysia and Indonesia, although it cautioned that near-term market volatility is likely to persist.
In its third quarter ended Mar 31, 2026 (3QFY26) financial filing, the plantation group said CPO is expected to trade within the RM4,300 to RM4,600 per metric tonne range over the next three months.
Upside potential could be capped by seasonally higher fresh fruit bunch (FFB) production, rising palm oil inventory levels and weaker buying interest from major importing countries.
IOI also highlighted uncertainty stemming from Indonesia’s recently announced plan to centralise CPO exports, which could amplify short-term price volatility.
For the 3QFY26, IOI Corp posted a pretax profit of RM354.9mil, compared with RM335.2mil pretax profit a year earlier.
The higher profit figure was due to stronger contributions from its plantation and resource-based manufacturing segments, it said.
Net profit for the quarter rose to RM283.3mil from RM262.3mil in 3QFY25 while revenues dipped slightly to RM2.68bil from RM2.74bil in 3QFY25.
