# Weather a key issue as palm oil industry gathers in Bali | FMT

> Palm oil industry leaders are meeting in Bali, with weather and La Nina as key topics. Output in the second half of the year has been held back by a shortage of plantation workers in Malaysia, and global production may rise about six million tonnes next year.

- Date: 2017-11-01 · published 2017-11-01T12:00:00.000Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68091-weather-a-key-issue-as-palm-oil-industry-gathers-in-bali-fmt
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected production rebound from Indonesia and Malaysia versus labor shortages and La Nina rains will determine whether palm supply overwhelms demand in 2018.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| PALMOIL | 2017-08-16 | [Bumper crops weighing on palm oil prices in Southeast Asia - Nikkei Asia](https://feedsoft.ai/events/69557-bumper-crops-weighing-on-palm-oil-prices-in-southeast-asia-nikkei-asia.md) | +1.6% | +10.0% |
| PALMOIL | 2019-03-04 | [Good weather expected to bolster Malaysia, Indonesia palm output \| Malaysiakini](https://feedsoft.ai/events/60204-good-weather-expected-to-bolster-malaysia-indonesia-palm-output-malaysiakini.md) | -3.0% | -2.8% |
| PALMOIL | 2021-06-08 | [Malaysia 2021 palm oil output seen up on better weather, yield - UkrAgroConsult](https://feedsoft.ai/events/46461-malaysia-2021-palm-oil-output-seen-up-on-better-weather-yield-ukragroconsult.md) | -11.7% | -7.3% |
| 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% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/nation/2017/11/01/weather-a-key-issue-as-palm-oil-industry-gathers-in-bali

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