# Prestasi Sawit Malaysia

> Gapki expects Indonesian crude palm oil output to fall 15-20% in 2016 to about 30 million tons, the lowest in 20 years, due to last year's El Niño drought. The association said the supply drop should temporarily support prices, though exports are forecast to fall about 15% on weak global demand. Output is expected to rebound in 2017, which could weigh on prices if demand does not recover.

- Date: 2016-11-25 · published 2016-11-25T12:00:00.000Z
- Category: weather · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/73940-prestasi-sawit-malaysia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A tighter Indonesian supply supports palm oil prices in the near term, while expected 2017 recovery is a bearish risk for vegetable oil ingredients used in feed.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-09-05 | [Prestasi Sawit Malaysia](https://feedsoft.ai/events/17550-prestasi-sawit-malaysia.md) | -1.6% | -8.3% |
| 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 | 2023-07-07 | [Malaysia forecasts peak of El Niño to hit in early 2024](https://feedsoft.ai/events/34966-malaysia-forecasts-peak-of-el-nino-to-hit-in-early-2024.md) | -0.1% | +0.4% |
| PALMOIL | 2024-10-25 | [Malaysia’s palm oil surge: What’s driving prices to biggest highs since 2022?](https://feedsoft.ai/events/4981-malaysia-s-palm-oil-surge-what-s-driving-prices-to-biggest-highs-since-2022.md) | +9.4% | +8.3% |
| PALMOIL | 2017-10-31 | [IOI Group: Malaysia sees La Nina pushing CPO prices above RM3,000/tonne](https://feedsoft.ai/events/68564-ioi-group-malaysia-sees-la-nina-pushing-cpo-prices-above-rm3-000-tonne.md) | +1.2% | -0.2% |

## Sources

- prestasisawit.mpob.gov.my: https://prestasisawit.mpob.gov.my/en/palmnews/news/22127

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