
Oil Palm World reports that better-than-expected rainfall has limited El Niño crop losses in Malaysia. Analysts expect 2027 output of 19.8 to 20 million tonnes, below this year's expected record of 20.28 million tonnes.
Indonesia's steeper decline is expected to leave a global palm supply deficit.
Smaller-than-feared Malaysian losses ease some upward pressure on palm prices. Indonesian weakness still leaves a supply gap for vegetable oils.
After 19 past neutral weather events, Palm Oil moved a median +0.2% over 5 sessions (53% higher; middle half -0.4% to +1.1%), and +2.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.