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Gapki projects that extreme El Niño could reduce Indonesian crude palm oil output by up to 5 million tonnes. The association warns of sharp production losses in the coming year.
A large drop in output from Indonesia, the largest palm producer, would tighten global edible oil and biodiesel feedstock supply and support higher prices.
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.