# CPO prices to gradually rise in 2019, stockpiles remain high in 1Q

> Analysts expect crude palm oil prices to rebound in 2019 after hitting a record low of RM1,773 a tonne in 2018. Australia's Bureau of Meteorology puts the chance of El Nino at 70 percent, and the WMO cites a 75-80 percent chance by February. Malaysia's B10 and B7 biodiesel mandates are also being phased in from December 2018.

- Date: 2019-01-02 · published 2019-01-02T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/5588-cpo-prices-to-gradually-rise-in-2019-stockpiles-remain-high-in-1q
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

El Nino typically cuts palm oil output, and biodiesel mandates add domestic demand, both of which could tighten supply. Expected inventory reduction supports higher prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-10-24 | [Palm oil reaches highest since 2022, adding to food price risks](https://feedsoft.ai/events/27955-palm-oil-reaches-highest-since-2022-adding-to-food-price-risks.md) | +0.5% | +9.7% |
| PALMOIL | 2021-08-17 | [Palm oil stocks record stronger H1 revenue, profits on higher CPO prices, demand - The Business Times](https://feedsoft.ai/events/45660-palm-oil-stocks-record-stronger-h1-revenue-profits-on-higher-cpo-prices-demand.md) | -1.4% | -0.2% |
| PALMOIL | 2026-08-11 | [El Nino, biodiesel demand support CPO prices despite rising stocks](https://feedsoft.ai/events/15445-el-nino-biodiesel-demand-support-cpo-prices-despite-rising-stocks.md) | +0.4% | +7.2% |
| PALMOIL | 2021-03-09 | [CPO hits 10-year high on sustained soyoil rally \| The Star](https://feedsoft.ai/events/6561-cpo-hits-10-year-high-on-sustained-soyoil-rally-the-star.md) | +4.3% | -2.7% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/01/02/cpo-prices-to-gradually-rise-in-2019-stockpiles-remain-high-in-1q/

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