# Mistry cuts palm oil production forecast, sees prices climbing

> Dorab Mistry cut his 2017 palm oil production forecast for Malaysia to 19.1-19.3 million tons from 19.8-20 million, and for Indonesia to 34-34.5 million from 34.5-35 million. He said output in both countries likely peaked in mid-2017, and that world production will rise only 4.5 million tons this year rather than nearly 7 million.

- Date: 2017-10-19 · published 2017-10-19T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/68562-mistry-cuts-palm-oil-production-forecast-sees-prices-climbing
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A smaller expected production increase tightens the palm oil supply outlook into year-end, supporting prices and the rally after yields recovered more slowly than expected from El Nino.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-02-13 | [BERNAMA - CPOPC Forecasts Modest 2025 Growth In Palm Oil Production](https://feedsoft.ai/events/26151-bernama-cpopc-forecasts-modest-2025-growth-in-palm-oil-production.md) | +1.4% | -0.3% |
| PALMOIL | 2026-02-18 | [Mixed forecasts for palm oil at POC2026](https://feedsoft.ai/events/20695-mixed-forecasts-for-palm-oil-at-poc2026.md) | +0.6% | +9.5% |
| PALMOIL | 2020-07-22 | [Asian palm oil producers forecast lower output in 2020](https://feedsoft.ai/events/52037-asian-palm-oil-producers-forecast-lower-output-in-2020.md) | +0.3% | +9.5% |
| PALMOIL | 2022-12-20 | [USDA lowers 2022/23 global oilseed production forecast by 1M tonnes](https://feedsoft.ai/events/38366-usda-lowers-2022-23-global-oilseed-production-forecast-by-1m-tonnes.md) | +0.6% | +1.7% |
| PALMOIL | 2017-02-07 | [First Resources' crude palm oil production up 38.4% in Q4 \| Singapore Business Review](https://feedsoft.ai/events/72568-first-resources-crude-palm-oil-production-up-38-4-in-q4-singapore-business.md) | -1.0% | -7.3% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2017/10/292555/mistry-cuts-palm-oil-production-forecast-sees-prices-climbing

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