KUALA LUMPUR, Oct. 22 (Xinhua) -- Palm oil prices are projected to hold steady above 4,400 ringgit (1,041 U.S. dollars) per tonne amid uncertainties in 2026, the Malaysian Palm Oil Council (MPOC) said Tuesday.

The council said in a statement that market sentiment remains cautious amid weak crude oil prices, high vegetable oil inventories in major consuming markets, intensifying trade tensions and a buildup of global soybean stocks.

According to MPOC, vegetable oil prices are expected to remain firm through the remainder of 2025, supported by strength in palm and soybean oil.

Diminishing exportable soybean oil supplies from Argentina are likely to lift prices in the coming months, while ongoing speculation over Indonesia's B50 mandate will continue to lend support to palm oil.