# IOI Group: Malaysia sees La Nina pushing CPO prices above RM3,000/tonne

> IOI Corp's chairman Lee Shin Cheng said CPO prices are strong at RM2,750-2,800 per tonne and could reach RM3,300 if La Nina develops. Seven of eight climate models surveyed expect sea surface temperatures to reach La Nina thresholds by November, and MIDF Research sees RM3,500 possible in a strong La Nina.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/68564-ioi-group-malaysia-sees-la-nina-pushing-cpo-prices-above-rm3-000-tonne
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

La Nina typically brings heavy rain that can flood plantations and disrupt harvests in Malaysia and Indonesia, which would tighten palm oil supply and support prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-05-31 | [SD Guthrie expects CPO prices to average above RM4,000 a tonne this year, says group COO \| Malay Mail](https://feedsoft.ai/events/8036-sd-guthrie-expects-cpo-prices-to-average-above-rm4-000-a-tonne-this-year-says.md) | +2.2% | +1.0% |
| PALMOIL | 2017-05-21 | [Dorab Mistry sees CPO at RM3,000 \| I3investor](https://feedsoft.ai/events/71098-dorab-mistry-sees-cpo-at-rm3-000-i3investor.md) | -0.3% | -3.9% |
| PALMOIL | 2026-08-28 | [IOI Corp sees strong FY27 on elevated CPO prices \| The Star](https://feedsoft.ai/events/4539-ioi-corp-sees-strong-fy27-on-elevated-cpo-prices-the-star.md) | +4.5% | +1.3% |
| PALMOIL | 2018-03-21 | [Oilseeds prices rebound on Argentina, Malaysia dryness](https://feedsoft.ai/events/10260-oilseeds-prices-rebound-on-argentina-malaysia-dryness.md) | +0.2% | +0.3% |
| PALMOIL | 2020-09-28 | [Impending wet season pushes CPO to close higher \| Malay Mail](https://feedsoft.ai/events/51200-impending-wet-season-pushes-cpo-to-close-higher-malay-mail.md) | -6.2% | +0.8% |

## Sources

- ioigroup.com: https://www.ioigroup.com/news/malaysia-sees-la-nina-pushing-cpo-prices-above-rm3000tonne/

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