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Palm oil climbed to its highest level in about 20 months. Rising biofuel demand, particularly Indonesia's B50 mandate, and growing production risks from a strengthening El Niño are underpinning prices.
Biodiesel demand pulls palm oil away from food and export use while El Niño threatens future output, so the supply-demand balance tightens and prices are pushed higher.
bloomberg.comEko Listiyorini, Kanupriya KapoorAug 20, 2026
mpoc.org.mympocAug 21, 2026Not enough comparable past events yet for a historical read.
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.
