Loading…
The Indonesian Palm Oil Association (Gapki) sees Indonesian palm output shrinking by up to 3 million tonnes next year due to severe El Niño conditions. The decline is smaller than a previous forecast but equals roughly 5% of this year's output.
Expected Indonesian supply loss adds upward pressure on palm oil prices, supporting the vegetable oil complex that competes with soy-based feed ingredients.
After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.