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KLK chairman Lee Oi Hian says palm oil supplies will stay tight for two to three months after floods hit yields in Indonesia and Malaysia, especially Sabah. He expects production to recover in the second half of the year, though output growth has slowed in both countries due to ageing trees.
Flood-related tightness supports palm prices and its premium over rival oils in the near term, before expected recovery later in the year.
brecorder.comReutersFeb 26, 2025After 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.
