# Not all La Nina weather patterns lead to higher palm oil prices — UOB Kay Hian Research

> UOB Kay Hian Research says La Nina does not automatically lift palm oil prices, since the effect depends on soybean crop damage, soybean oil stock-usage, palm supply-demand and global demand disruptions. The analysts maintain a market weight rating, noting weak demand and accelerating production.

- Date: 2026-11-02 · published 2026-11-02T21:30:06.226Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/76232-not-all-la-nina-weather-patterns-lead-to-higher-palm-oil-prices-uob-kay-hian
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A La Nina that damages US or South American soybeans could lift soybean oil and palm oil prices, but weak demand and rising palm output may limit the rally for buyers of palm-based feed ingredients.

## Read by commodity

- SBO: neutral
- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-03-05 | [Palm oil output to dip in Q1, rebound to record later in year, say industry sources \| Malay Mail](https://feedsoft.ai/events/66111-palm-oil-output-to-dip-in-q1-rebound-to-record-later-in-year-say-industry.md) | -3.0% | +0.6% |
| PALMOIL | 2023-02-21 | [As La Niña Exits, Palm Oil Production Could Rise in 2023 but Drop in 2024](https://feedsoft.ai/events/37249-as-la-nina-exits-palm-oil-production-could-rise-in-2023-but-drop-in-2024.md) | +0.5% | -3.5% |
| PALMOIL | 2025-12-17 | [Malaysian oil palm estates largely spared from flooding as Southeast Asia experiences devastating rainfall](https://feedsoft.ai/events/21611-malaysian-oil-palm-estates-largely-spared-from-flooding-as-southeast-asia.md) | +0.6% | +0.6% |
| PALMOIL | 2025-11-19 | [IRI – International Research Institute for Climate and Society \| November 2025 Quick Look](https://feedsoft.ai/events/21854-iri-international-research-institute-for-climate-and-society-november-2025.md) | -1.2% | -1.7% |
| PALMOIL | 2019-11-01 | [IRI – International Research Institute for Climate and Society \| October Climate Briefing: El Niño Remains Neutral](https://feedsoft.ai/events/55983-iri-international-research-institute-for-climate-and-society-october-climate.md) | +12.8% | +16.7% |
| SBO | 2022-10-21 | [Palm oil prices seen ticking up as rains slash output and demand strengthens \| Reuters](https://feedsoft.ai/events/15781-palm-oil-prices-seen-ticking-up-as-rains-slash-output-and-demand-strengthens.md) | +2.8% | +3.9% |
| SBO | 2020-10-29 | [Analyst Insight: La Niña weather event could impact your rapeseed price \| AHDB](https://feedsoft.ai/events/50745-analyst-insight-la-nina-weather-event-could-impact-your-rapeseed-price-ahdb.md) | +2.9% | +14.2% |
| SBO | 2022-12-07 | [Sunflower prices in Ukraine were supported by a decline in harvest forecasts in the Russian Federation](https://feedsoft.ai/events/38352-sunflower-prices-in-ukraine-were-supported-by-a-decline-in-harvest-forecasts-in.md) | -1.4% | -5.2% |

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/article/not-all-la-nina-weather-patterns-lead-higher-palm-oil-prices-%E2%80%94-uob-kay-hian-research

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