# CPO production projected to increase – MPOC

> The Malaysian Palm Oil Council projects 2024 crude palm oil production to rise year on year, helped by adequate labour supply. It expects the El Nino-driven hot, dry spell to affect yields mainly in the later part of 2024.

- Date: 2024-06-12 · published 2024-06-12T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/15640-cpo-production-projected-to-increase-mpoc
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher expected output eases supply tightness, which is bearish for palm oil prices, though later-year dryness could limit the gain.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-06-03 | [Palm oil production to rise in Indonesia \| Borneo Post Online](https://feedsoft.ai/events/70368-palm-oil-production-to-rise-in-indonesia-borneo-post-online.md) | -1.0% | -1.1% |
| PALMOIL | 2017-05-21 | [Palm oil production to rise in Indonesia - Oxford Business Group](https://feedsoft.ai/events/71097-palm-oil-production-to-rise-in-indonesia-oxford-business-group.md) | -0.3% | -3.9% |
| PALMOIL | 2017-03-09 | [Palm Oil Prices to Drop as Production Rebounds, Demand Slows](https://feedsoft.ai/events/72110-palm-oil-prices-to-drop-as-production-rebounds-demand-slows.md) | -1.8% | -5.3% |
| PALMOIL | 2018-01-09 | [Cpo prices expected to decline on mounting supply \| Borneo Post Online](https://feedsoft.ai/events/67073-cpo-prices-expected-to-decline-on-mounting-supply-borneo-post-online.md) | -2.2% | -3.5% |
| PALMOIL | 2020-07-31 | [Peninsular Malaysia, Sabah lead CPO production growth \| Borneo Post Online](https://feedsoft.ai/events/6796-peninsular-malaysia-sabah-lead-cpo-production-growth-borneo-post-online.md) | +10.1% | +8.5% |

## Sources

- mpoc.org.my: https://www.mpoc.org.my/cpo-production-projected-to-increase/

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