# Indonesia, Malaysia palm oil output to rise in 2018; may pressure prices | The Star

> A Reuters poll of 14 traders, planters and analysts forecasts Indonesian and Malaysian palm oil output will reach new highs in 2018 as yields recover from the El Nino-hit 2017. Benchmark prices are forecast to average 2,620 ringgit a tonne, about 7% below 2017.

- Date: 2018-01-28 · published 2018-01-28T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67072-indonesia-malaysia-palm-oil-output-to-rise-in-2018-may-pressure-prices-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher supply from the two producers that account for nearly 90% of world output points to lower palm oil prices, which weighs on vegetable oil and feed-fat alternatives for buyers.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/01/29/indonesia-malaysia-palm-oil-output-to-rise-in-2018/

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