# Concerns about Supply Disruptions Due to the El Nino Phenomenon and Expectations of Increased Demand Pushing Up Prices

> ICDX CPO contract prices rose 0.86% in the week to November 3, to IDR 11,720 per kg. Concerns about El Niño-related drought in Southeast Asia and expected Indian demand ahead of Diwali supported prices. Malaysian vegetable oil exports rose 4% to 6% in October, with India the largest buyer. Indonesia also plans to return about 200,000 hectares of plantations in forest areas to forest.

- Date: 2023-11-08 · published 2023-11-08T12:00:00.000Z
- Category: weather · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/33280-concerns-about-supply-disruptions-due-to-the-el-nino-phenomenon-and
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected pre-Diwali Indian buying and El Niño supply fears push palm prices higher, raising costs for vegetable oil users. Land returns in Indonesia could cut long-term plantation output.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-09-03 | [CPO Prices to Stay Firm Above RM4,600 (USD1,133) on Tightening Supply and Geopolitical Disruptions — PalmPulse](https://feedsoft.ai/events/4535-cpo-prices-to-stay-firm-above-rm4-600-usd1-133-on-tightening-supply-and.md) | -1.1% | -9.1% |
| PALMOIL | 2023-11-30 | [El Niño ahead: Potential disruption to fishmeal supply in 2024](https://feedsoft.ai/events/33069-el-nino-ahead-potential-disruption-to-fishmeal-supply-in-2024.md) | -2.6% | -2.4% |
| 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 | 2026-08-11 | [El Nino, biodiesel demand support CPO prices despite rising stocks](https://feedsoft.ai/events/15445-el-nino-biodiesel-demand-support-cpo-prices-despite-rising-stocks.md) | +0.4% | +7.2% |
| PALMOIL | 2023-09-08 | [Indonesia expects delayed rainy season due to El Nino](https://feedsoft.ai/events/34002-indonesia-expects-delayed-rainy-season-due-to-el-nino.md) | -1.5% | -7.0% |

## Sources

- icdx.co.id: https://www.icdx.co.id/news-detail/publication/concerns-about-supply-disruptions-due-to-the-el-nino-phenomenon-and-expectations-of-increased-demand-pushing-up-prices

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