# Global palm oil output likely to increase by six mln tonnes — Expert | Borneo Post Online

> Analyst Thomas Mielke expects global palm oil output to rise by six million tonnes in 2017 as trees recover from El Niño damage, with Indonesia seen at 35 million tonnes and Malaysia at 19.85 million. He said prices peaked near RM3,300 a tonne in early 2017 and the setback should be moderate while stocks remain small.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/72113-global-palm-oil-output-likely-to-increase-by-six-mln-tonnes-expert-borneo-post
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A recovering crop supports a gradual palm oil price decline, but tight stocks limit the downside in the near term.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-06-03 | [Palm oil production to rise in Indonesia \| Borneo Post Online](https://feedsoft.ai/events/70368-palm-oil-production-to-rise-in-indonesia-borneo-post-online.md) | -1.0% | -1.1% |
| PALMOIL | 2018-01-09 | [Cpo prices expected to decline on mounting supply \| Borneo Post Online](https://feedsoft.ai/events/67073-cpo-prices-expected-to-decline-on-mounting-supply-borneo-post-online.md) | -2.2% | -3.5% |
| PALMOIL | 2017-03-07 | [Global palm oil output seen rising 11pc in 2017 \| Malay Mail](https://feedsoft.ai/events/72112-global-palm-oil-output-seen-rising-11pc-in-2017-malay-mail.md) | -4.1% | -7.2% |
| 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 | 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% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/03/09/global-palm-oil-output-likely-to-increase-by-six-mln-tonnes-expert/

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