# From rice to palm oil, crop output forecasts for Asia-Pacific lower as El Nino strengthens | The Straits Times

> An unusually dry August cut cereal and oilseed crop forecasts across Asia-Pacific as El Niño intensified. India's monsoon is expected to be the weakest in eight years, Australian wheat output is being revised lower, and Southeast Asian palm oil supplies face risk.

- Date: 2023-09-06 · published 2023-09-06T12:00:00.000Z
- Category: weather · region Asia-Pacific · magnitude medium
- Page: https://feedsoft.ai/events/33998-from-rice-to-palm-oil-crop-output-forecasts-for-asia-pacific-lower-as-el-nino
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower rice, wheat and palm oil output from India, Australia and Southeast Asia tightens global supply and supports prices for feed grains and vegetable oils.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-08-30 | [From rice to palm oil, Asian crops output forecast lower as El Nino strengthens](https://feedsoft.ai/events/34470-from-rice-to-palm-oil-asian-crops-output-forecast-lower-as-el-nino-strengthens.md) | +1.2% | -2.2% |
| RICE | 2026-07-25 | [El Nino worsens plight of Asia's rice belt after war price shock - The Business Times](https://feedsoft.ai/events/18248-el-nino-worsens-plight-of-asia-s-rice-belt-after-war-price-shock-the-business.md) | -0.1% | +5.2% |
| RICE | 2023-12-06 | [How long will the El Nino last? Latest official forecasts - Grain Price News](https://feedsoft.ai/events/32486-how-long-will-the-el-nino-last-latest-official-forecasts-grain-price-news.md) | +0.5% | +0.7% |
| RICE | 2023-10-11 | [Asia Rice Market Braces for More Stress From El Niño After Export Curbs - Bloomberg](https://feedsoft.ai/events/33694-asia-rice-market-braces-for-more-stress-from-el-nino-after-export-curbs.md) | -0.1% | +2.8% |
| RICE | 2026-04-24 | [Forecast for strong El Niño fans worries about global crops](https://feedsoft.ai/events/19633-forecast-for-strong-el-nino-fans-worries-about-global-crops.md) | -2.0% | +18.1% |
| WHEAT | 2023-12-06 | [How long will the El Nino last? Latest official forecasts - Grain Price News](https://feedsoft.ai/events/32486-how-long-will-the-el-nino-last-latest-official-forecasts-grain-price-news.md) | -3.5% | +1.1% |
| WHEAT | 2023-07-14 | [Strategie Grains cuts EU cereal crop forecasts again on weather toll](https://feedsoft.ai/events/34979-strategie-grains-cuts-eu-cereal-crop-forecasts-again-on-weather-toll.md) | +3.5% | +3.5% |
| WHEAT | 2026-10-09 | [El Nino strengthens in Pacific, may persist into Jan-March 2027: NOAA \| S&P Global](https://feedsoft.ai/events/17052-el-nino-strengthens-in-pacific-may-persist-into-jan-march-2027-noaa-s-and-p.md) | +4.0% | +4.0% |

## Sources

- straitstimes.com: https://www.straitstimes.com/asia/from-rice-to-palm-oil-asian-crops-output-forecast-lower-as-el-nino-strengthens

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