# Palm hits fresh 10-week high on Indonesia weather concerns | The Star

> Malaysian palm oil futures hit a 10-week high on Wednesday, lifted by concerns that dry weather in Indonesia could curb output. The October contract rose as high as 2,109 ringgit per tonne before settling flat at 2,102 ringgit.

- Date: 2019-08-07 · published 2019-08-07T12:00:00.000Z
- Category: weather · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/57679-palm-hits-fresh-10-week-high-on-indonesia-weather-concerns-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Dry weather risk to Indonesian output supports palm prices, though the flat close shows limited follow-through and buyers may hedge against further gains.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| PALMOIL | 2026-04-29 | [Indonesia 2026 crude palm oil output to fall due to El Nino, high fertiliser prices, association says \| The Star](https://feedsoft.ai/events/19818-indonesia-2026-crude-palm-oil-output-to-fall-due-to-el-nino-high-fertiliser.md) | +2.8% | -1.1% |
| PALMOIL | 2020-07-23 | [Palm oil tracks soyoil fall, wet weather stokes supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/52203-palm-oil-tracks-soyoil-fall-wet-weather-stokes-supply-concerns-markets-business.md) | +0.2% | +9.7% |
| 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 | 2024-12-03 | [Palm oil rises on Malaysia floods, higher Indonesian export tax - Markets - Business Recorder](https://feedsoft.ai/events/27044-palm-oil-rises-on-malaysia-floods-higher-indonesian-export-tax-markets-business.md) | +3.9% | -2.2% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/08/08/palm-hits-fresh-10-week-high-on-indonesia-weather-concerns

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