# Palm climbs for seventh day as Indonesia warns of La Nina hit - Markets - Business Recorder

> Malaysian palm oil futures rose for a seventh straight session, settling at 3,003 ringgit. Indonesian President Widodo ordered ministers to prepare for an upcoming La Nina that could cause flooding and hurt agricultural output. Traders reported China booking palm for October, November and January delivery.

- Date: 2020-10-13 · published 2020-10-13T12:00:00.000Z
- Category: weather · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/50742-palm-climbs-for-seventh-day-as-indonesia-warns-of-la-nina-hit-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected La Nina flooding and output risks in Indonesia and Malaysia support palm prices. Chinese forward buying adds to demand-side support.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-10-19 | [Palm climbs for fourth day on weather woes, India tax fears - Markets - Business Recorder](https://feedsoft.ai/events/39239-palm-climbs-for-fourth-day-on-weather-woes-india-tax-fears-markets-business.md) | +1.0% | +9.3% |
| PALMOIL | 2021-06-02 | [Palm oil climbs 5pc, hits two-week high - Markets - Business Recorder](https://feedsoft.ai/events/6356-palm-oil-climbs-5pc-hits-two-week-high-markets-business-recorder.md) | +4.3% | -5.7% |
| PALMOIL | 2026-10-13 | [Palm climbs to two-week high as El Niño supply fears outweigh stocks - Markets - Business Recorder](https://feedsoft.ai/events/530-palm-climbs-to-two-week-high-as-el-nino-supply-fears-outweigh-stocks-markets.md) | -0.2% | — |
| PALMOIL | 2021-01-04 | [Malaysian palm oil futures climb - Markets - Business Recorder](https://feedsoft.ai/events/5001-malaysian-palm-oil-futures-climb-markets-business-recorder.md) | +10.0% | -0.2% |
| PALMOIL | 2020-11-04 | [Palm oil climbs to near 10-month high on tight supply outlook - Markets - Business Recorder](https://feedsoft.ai/events/50253-palm-oil-climbs-to-near-10-month-high-on-tight-supply-outlook-markets-business.md) | +6.0% | +10.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40025762

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