# Global palm oil output seen rising 11pc in 2017 | Malay Mail

> Industry official M.R. Chandran forecasts world palm oil output will rise 11 percent to 65 million tonnes in 2017 on favorable rains across Malaysia and Indonesia. India's edible oil imports are expected to decline or hold flat in the year to October 2017 as domestic oilseed output recovers.

- Date: 2017-03-07 · published 2017-03-07T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/72112-global-palm-oil-output-seen-rising-11pc-in-2017-malay-mail
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanding palm supply and weaker Indian import demand are likely to cap palm oil prices, with knock-on pressure on competing vegetable oils.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-09-28 | [Malaysia 2024 palm oil output to rise despite El Nino - govt \| Reuters](https://feedsoft.ai/events/34218-malaysia-2024-palm-oil-output-to-rise-despite-el-nino-govt-reuters.md) | -2.3% | -3.9% |
| 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 | 2017-03-09 | [Global palm oil output likely to increase by six mln tonnes — Expert \| Borneo Post Online](https://feedsoft.ai/events/72113-global-palm-oil-output-likely-to-increase-by-six-mln-tonnes-expert-borneo-post.md) | -1.8% | -5.3% |
| 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 | 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% |
| SBO | 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) | -4.4% | -0.7% |
| SBO | 2017-01-17 | [Canola acres seen rising on high prices - AgCanada](https://feedsoft.ai/events/73084-canola-acres-seen-rising-on-high-prices-agcanada.md) | -0.7% | -3.4% |
| SBO | 2026-10-20 | [Record sunseed crop in Russia drives down seed, oil and meal prices](https://feedsoft.ai/events/17204-record-sunseed-crop-in-russia-drives-down-seed-oil-and-meal-prices.md) | +0.2% | — |

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2017/03/07/global-palm-oil-output-seen-rising-11-pct-in-2017/1329711

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