# El Nino poses risk to 2024 palm oil output in Indonesia, Malaysia - The HinduBusinessLine

> Analysts warn that El Niño could curb palm oil output in Indonesia and Malaysia during 2024, with impacts likely in the second half of the year. The World Bank projects 2023-24 palm output rising only 0.2 million tonnes, well below the usual growth rate. Below-normal rainfall has been recorded over southern Sumatra and Kalimantan.

- Date: 2023-11-23 · published 2023-11-23T12:00:00.000Z
- Category: weather · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/33277-el-nino-poses-risk-to-2024-palm-oil-output-in-indonesia-malaysia-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower palm yields from El Niño dryness would tighten vegetable oil supply and support prices in 2024. Feed buyers relying on palm-derived fats should expect firmer costs later in the year.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-09-29 | [Indonesian Palm Oil Association sees palm oil prices rising in 2024 as El Nino crimps domestic output](https://feedsoft.ai/events/34219-indonesian-palm-oil-association-sees-palm-oil-prices-rising-in-2024-as-el-nino.md) | -4.5% | -3.5% |
| PALMOIL | 2026-04-29 | [Indonesia 2026 crude palm oil output to fall due to El Nino, high fertiliser prices, association says \| The Star](https://feedsoft.ai/events/19818-indonesia-2026-crude-palm-oil-output-to-fall-due-to-el-nino-high-fertiliser.md) | +2.8% | -1.1% |
| PALMOIL | 2024-12-03 | [Palm oil rises on Malaysia floods, higher Indonesian export tax - Markets - Business Recorder](https://feedsoft.ai/events/27044-palm-oil-rises-on-malaysia-floods-higher-indonesian-export-tax-markets-business.md) | +3.9% | -2.2% |
| PALMOIL | 2021-01-04 | [La Nina to take hold of agri markets in 2021  - The HinduBusinessLine](https://feedsoft.ai/events/5000-la-nina-to-take-hold-of-agri-markets-in-2021-the-hindubusinessline.md) | +10.0% | -0.2% |
| PALMOIL | 2026-08-28 | [El Niño to crimp Indonesian palm oil output, producer group says](https://feedsoft.ai/events/18012-el-nino-to-crimp-indonesian-palm-oil-output-producer-group-says.md) | +4.5% | +1.3% |
| SBO | 2023-09-29 | [Indonesian Palm Oil Association sees palm oil prices rising in 2024 as El Nino crimps domestic output](https://feedsoft.ai/events/34219-indonesian-palm-oil-association-sees-palm-oil-prices-rising-in-2024-as-el-nino.md) | +0.8% | -7.0% |
| SBO | 2026-04-29 | [Indonesia 2026 crude palm oil output to fall due to El Nino, high fertiliser prices, association says \| The Star](https://feedsoft.ai/events/19818-indonesia-2026-crude-palm-oil-output-to-fall-due-to-el-nino-high-fertiliser.md) | +2.6% | -2.9% |
| SBO | 2024-12-03 | [Palm oil rises on Malaysia floods, higher Indonesian export tax - Markets - Business Recorder](https://feedsoft.ai/events/27044-palm-oil-rises-on-malaysia-floods-higher-indonesian-export-tax-markets-business.md) | +3.7% | +0.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/el-nino-poses-risk-to-2024-palm-oil-output-in-indonesia-malaysia/article67565921.ece

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