# Palm oil production to revive following departure of El Niño

> Global palm oil production is expected to rise by 6 million tonnes this year after 2016 output fell due to El Niño. Southeast Asian yields dropped to 3.26 tonnes per hectare in 2016 from 3.62 in 2015, and Indonesia is forecast to produce 36.5 million tonnes, up 3 per cent.

- Date: 2017-10-04 · published 2017-10-04T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5643-palm-oil-production-to-revive-following-departure-of-el-nino
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Recovering output after the El Niño-driven shortfall adds supply to the market and is bearish for palm oil prices, though demand growth of about 7 per cent a year limits the downside.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-03-09 | [Palm Oil Prices to Drop as Production Rebounds, Demand Slows](https://feedsoft.ai/events/72110-palm-oil-prices-to-drop-as-production-rebounds-demand-slows.md) | -1.8% | -5.3% |
| PALMOIL | 2017-06-03 | [Palm oil production to rise in Indonesia \| Borneo Post Online](https://feedsoft.ai/events/70368-palm-oil-production-to-rise-in-indonesia-borneo-post-online.md) | -1.0% | -1.1% |
| PALMOIL | 2017-05-21 | [Palm oil production to rise in Indonesia - Oxford Business Group](https://feedsoft.ai/events/71097-palm-oil-production-to-rise-in-indonesia-oxford-business-group.md) | -0.3% | -3.9% |
| PALMOIL | 2023-09-28 | [Malaysia 2024 palm oil output to rise despite El Nino - govt \| Reuters](https://feedsoft.ai/events/34218-malaysia-2024-palm-oil-output-to-rise-despite-el-nino-govt-reuters.md) | -2.3% | -3.9% |
| PALMOIL | 2016-12-29 | [Palm oil meeting in Bali to focus on weather \| The ASEAN Post](https://feedsoft.ai/events/73573-palm-oil-meeting-in-bali-to-focus-on-weather-the-asean-post.md) | -1.2% | -0.1% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2017/10/04/Palm-oil-production-to-revive-following-departure-of-El-Nino/

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