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Palm oil prices are expected to stay high into next year as dry weather affects output in key Southeast Asian production areas. Demand for biodiesel is also rising, according to market analysts.
Reduced palm yields from drought tighten global vegetable oil supply, supporting prices. Rising biodiesel demand adds further support.
After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.