# Palm oil meeting in Bali to focus on weather | The ASEAN Post

> Industry players are set to meet in Indonesia to discuss palm oil outlook, with weather a key topic. Analysts expect global palm output to rise by about six million tons next year, mostly from Indonesia and Malaysia. Prices may soften from April and May if production rebounds.

- Date: 2016-12-29 · published 2016-12-29T12:00:00.000Z
- Category: weather · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/73573-palm-oil-meeting-in-bali-to-focus-on-weather-the-asean-post
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A recovery in palm production after El Nino-related losses would add supply to vegetable oil markets. Whether demand can absorb the extra output will determine how far prices fall.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-11-01 | [Weather a key issue as palm oil industry gathers in Bali \| FMT](https://feedsoft.ai/events/68091-weather-a-key-issue-as-palm-oil-industry-gathers-in-bali-fmt.md) | +1.5% | -0.3% |
| PALMOIL | 2017-08-16 | [Bumper crops weighing on palm oil prices in Southeast Asia - Nikkei Asia](https://feedsoft.ai/events/69557-bumper-crops-weighing-on-palm-oil-prices-in-southeast-asia-nikkei-asia.md) | +1.6% | +10.0% |
| 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 | 2022-06-14 | [Turner's Take Ag Marketing \| CBOT Breaks on Better Weather](https://feedsoft.ai/events/7216-turner-s-take-ag-marketing-cbot-breaks-on-better-weather.md) | -5.1% | -33.6% |
| 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% |

## Sources

- theaseanpost.com: https://theaseanpost.com/article/palm-oil-meeting-bali-focus-weather

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