# Asian palm oil producers forecast lower output in 2020

> The CPOPC palm oil producers' board, led by Indonesia and Malaysia, forecasts 2020 Indonesian crude palm oil output of 1-2 million tonnes below last year's 44 million tonnes. It expects Malaysian output to fall 4.3% to 19 million tonnes, with possible La Niña rains complicating harvesting.

- Date: 2020-07-22 · published 2020-07-22T12:00:00.000Z
- Category: report · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/52037-asian-palm-oil-producers-forecast-lower-output-in-2020
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower palm output from the two largest producers tightens vegetable oil supply, supporting palm oil prices and substitute oils such as soybean oil.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-02-13 | [BERNAMA - CPOPC Forecasts Modest 2025 Growth In Palm Oil Production](https://feedsoft.ai/events/26151-bernama-cpopc-forecasts-modest-2025-growth-in-palm-oil-production.md) | +1.4% | -0.3% |
| PALMOIL | 2021-01-05 | [Malaysian palm oil stocks forecast lower, keeping prices high in 2021 - Markets - Business Recorder](https://feedsoft.ai/events/4995-malaysian-palm-oil-stocks-forecast-lower-keeping-prices-high-in-2021-markets.md) | +1.3% | -10.0% |
| PALMOIL | 2022-12-20 | [USDA lowers 2022/23 global oilseed production forecast by 1M tonnes](https://feedsoft.ai/events/38366-usda-lowers-2022-23-global-oilseed-production-forecast-by-1m-tonnes.md) | +0.6% | +1.7% |
| PALMOIL | 2025-01-10 | [Malaysian palm oil stocks hit 19-month low in December as output drops](https://feedsoft.ai/events/26606-malaysian-palm-oil-stocks-hit-19-month-low-in-december-as-output-drops.md) | +0.7% | +5.3% |
| PALMOIL | 2019-11-07 | [Total palm oil output of Indonesia, Malaysia seen flat in 2020 - analyst Mistry](https://feedsoft.ai/events/55947-total-palm-oil-output-of-indonesia-malaysia-seen-flat-in-2020-analyst-mistry.md) | +0.6% | +9.2% |
| SBO | 2024-12-11 | [Forecast for U.S. Oilseed Production in 2024–2025 – Market-Tracker](https://feedsoft.ai/events/27058-forecast-for-u-s-oilseed-production-in-2024-2025-market-tracker.md) | -2.0% | -2.2% |
| SBO | 2023-03-20 | [USDA lowers global oilseed production forecast due to plunging…](https://feedsoft.ai/events/36974-usda-lowers-global-oilseed-production-forecast-due-to-plunging.md) | -1.6% | -4.1% |
| SBO | 2024-01-12 | [USDA boosts forecast for 2023-’24 soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/15246-usda-boosts-forecast-for-2023-24-soybean-oil-use-in-biofuel-production.md) | -0.1% | -4.0% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/asian-palm-oil-producers-forecast-lower-output-in-2020-idUSKCN24N1IU/
- reuters.com: https://www.reuters.com/article/us-malaysia-palmoil-idUSKCN24N1IV/

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