# El Niño Holds at ONI +2.2 as Normal Belt Rainfall Mutes Yield Risk | Palm Oil Economics

> Malaysian crude palm oil output reached 2,116,950 tonnes, up 16.5% month on month, at the seasonal peak of the crop calendar. Fresh fruit bunch values rose 1.4% month on month to RM 50.44.

- Date: 2026-10-29 · published 2026-10-29T18:05:45.721Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/1350-el-nino-holds-at-oni-2-2-as-normal-belt-rainfall-mutes-yield-risk-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A strong seasonal output jump adds to palm oil supply and supports the bearish stock outlook for prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-10-03 | [Palm Oil Stays Near 12-Week Low; MPOC Sees Above $1,154 \| Palm Oil Economics](https://feedsoft.ai/events/5358-palm-oil-stays-near-12-week-low-mpoc-sees-above-1-154-palm-oil-economics.md) | +1.3% | +2.1% |
| PALMOIL | 2023-06-02 | [Crude palm oil at 30-month low, global container rate continue to fall](https://feedsoft.ai/events/7322-crude-palm-oil-at-30-month-low-global-container-rate-continue-to-fall.md) | -0.1% | +7.1% |
| PALMOIL | 2023-07-13 | [Palm oil falls over 2% on higher global edible oils output forecast - Markets - Business Recorder](https://feedsoft.ai/events/35140-palm-oil-falls-over-2-on-higher-global-edible-oils-output-forecast-markets.md) | +0.8% | -1.4% |
| PALMOIL | 2017-06-26 | [In 2017 global palm oil production will rise by 7 million tonnes.](https://feedsoft.ai/events/70589-in-2017-global-palm-oil-production-will-rise-by-7-million-tonnes.md) | +0.1% | +3.2% |
| PALMOIL | 2017-07-04 | [Analysts expect Malaysian palm oil prices to fall during H2 as production ramps up  : The Daily Digest](https://feedsoft.ai/events/70060-analysts-expect-malaysian-palm-oil-prices-to-fall-during-h2-as-production-ramps.md) | +2.7% | +6.5% |

## Sources

- palmoileconomics.com: https://palmoileconomics.com/news/2026-10-29-el-ni-o-holds-at-oni-2-2-as-normal-belt-rainfall

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.