# Malaysia 2024 palm oil output to rise despite El Nino - govt | Reuters

> Malaysia's palm oil production is likely to rise in 2024 as more plentiful labour and maturing plantations offset the expected impact of El Nino, according to the Malaysian Palm Oil Board. The government view points to steady supply despite the weather risk.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/34218-malaysia-2024-palm-oil-output-to-rise-despite-el-nino-govt-reuters
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher Malaysian output next year would add to global vegetable oil supply and limit upside in palm prices, though El Nino risks remain.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-03-07 | [Global palm oil output seen rising 11pc in 2017 \| Malay Mail](https://feedsoft.ai/events/72112-global-palm-oil-output-seen-rising-11pc-in-2017-malay-mail.md) | -4.1% | -7.2% |
| PALMOIL | 2019-03-04 | [Good weather expected to bolster Malaysia, Indonesia palm output \| Malaysiakini](https://feedsoft.ai/events/60204-good-weather-expected-to-bolster-malaysia-indonesia-palm-output-malaysiakini.md) | -3.0% | -2.8% |
| PALMOIL | 2021-06-08 | [Malaysia 2021 palm oil output seen up on better weather, yield - UkrAgroConsult](https://feedsoft.ai/events/46461-malaysia-2021-palm-oil-output-seen-up-on-better-weather-yield-ukragroconsult.md) | -11.7% | -7.3% |
| PALMOIL | 2017-10-04 | [Palm oil production to revive following departure of El Niño](https://feedsoft.ai/events/5643-palm-oil-production-to-revive-following-departure-of-el-nino.md) | +0.9% | +2.8% |
| PALMOIL | 2017-05-21 | [Palm oil production to rise in Indonesia - Oxford Business Group](https://feedsoft.ai/events/71097-palm-oil-production-to-rise-in-indonesia-oxford-business-group.md) | -0.3% | -3.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/malaysia-2024-palm-oil-output-rise-despite-el-nino-govt-2023-09-28/

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