# El Nino, biodiesel demand support CPO prices despite rising stocks

> Malaysia's palm oil stocks rose 3.3% in July to 2.63 million tonnes, a fourth straight monthly increase, as production rose 9.4% and exports rose 14.5%. Research firms still expect crude palm oil prices to stay firm in the second half of 2026 on El Niño concerns and tighter global supply.

- Date: 2026-08-11 · published 2026-08-11T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/15445-el-nino-biodiesel-demand-support-cpo-prices-despite-rising-stocks
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected weather-driven supply tightness and steady biodiesel demand should support palm oil prices despite rising inventories, which matters for feed-fat costs.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-12-03 | [Low production to support CPO prices \| The Star](https://feedsoft.ai/events/49758-low-production-to-support-cpo-prices-the-star.md) | +1.0% | +5.3% |
| PALMOIL | 2021-08-17 | [Palm oil stocks record stronger H1 revenue, profits on higher CPO prices, demand - The Business Times](https://feedsoft.ai/events/45660-palm-oil-stocks-record-stronger-h1-revenue-profits-on-higher-cpo-prices-demand.md) | -1.4% | -0.2% |
| PALMOIL | 2023-11-08 | [Concerns about Supply Disruptions Due to the El Nino Phenomenon and Expectations of Increased Demand Pushing Up Prices](https://feedsoft.ai/events/33280-concerns-about-supply-disruptions-due-to-the-el-nino-phenomenon-and.md) | +2.5% | +0.2% |
| PALMOIL | 2023-09-29 | [Indonesian Palm Oil Association sees palm oil prices rising in 2024 as El Nino crimps domestic output](https://feedsoft.ai/events/34219-indonesian-palm-oil-association-sees-palm-oil-prices-rising-in-2024-as-el-nino.md) | -4.5% | -3.5% |
| PALMOIL | 2019-01-02 | [CPO prices to gradually rise in 2019, stockpiles remain high in 1Q](https://feedsoft.ai/events/5588-cpo-prices-to-gradually-rise-in-2019-stockpiles-remain-high-in-1q.md) | +6.1% | +8.1% |

## Sources

- nst.com.my: https://www.nst.com.my/business/corporate/2026/08/1508572/el-nino-biodiesel-demand-support-cpo-prices-despite-rising

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