According to Jin10, industry analyst Thomas Mielke said on Friday that palm oil prices are expected to rise from January to March as production expectations tighten. Recent price declines have left palm oil at a discount to soybean oil and fossil fuels, a discount he said is unsustainable. Palm oil production is expected to remain weak in 2027 and possibly in 2028 as well. Global production is forecast to fall by at least 3 million tonnes in 2027, while Malaysian exports may remain around 16 million tonnes. Global palm oil exports are expected to decline by 2.5 million to 3.5 million tonnes in the 2026/27 crop year.