# Impending wet season pushes CPO to close higher | Malay Mail

> Malaysian crude palm oil futures ended mostly higher on Sept. 28 as an upcoming La Nina rainy season was expected to constrain harvesting. Concerns over a movement control order in Sabah, which accounts for about 25% of national output, also added support.

- Date: 2020-09-28 · published 2020-09-28T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/51200-impending-wet-season-pushes-cpo-to-close-higher-malay-mail
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected weather-related output losses and possible lockdown disruptions in Sabah tighten palm supply, supporting prices into the coming months.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-01-04 | [CPO futures end higher, hit highest level since Feb 2011 \| Malay Mail](https://feedsoft.ai/events/4998-cpo-futures-end-higher-hit-highest-level-since-feb-2011-malay-mail.md) | +10.0% | -0.2% |
| PALMOIL | 2017-10-31 | [IOI Group: Malaysia sees La Nina pushing CPO prices above RM3,000/tonne](https://feedsoft.ai/events/68564-ioi-group-malaysia-sees-la-nina-pushing-cpo-prices-above-rm3-000-tonne.md) | +1.2% | -0.2% |
| PALMOIL | 2026-07-23 | [Malaysian palm oil closes higher on supply squeeze concerns - Markets - Business Recorder](https://feedsoft.ai/events/18444-malaysian-palm-oil-closes-higher-on-supply-squeeze-concerns-markets-business.md) | +0.4% | +4.5% |
| PALMOIL | 2023-12-01 | [CPO prices to rise to US$850/tonne or higher next year](https://feedsoft.ai/events/33279-cpo-prices-to-rise-to-us-850-tonne-or-higher-next-year.md) | -3.0% | -2.4% |
| PALMOIL | 2024-10-25 | [Malaysia’s palm oil surge: What’s driving prices to biggest highs since 2022?](https://feedsoft.ai/events/4981-malaysia-s-palm-oil-surge-what-s-driving-prices-to-biggest-highs-since-2022.md) | +9.4% | +8.3% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2020/09/28/impending-wet-season-pushes-cpo-to-close-higher/1907553

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