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IOI Corp's chief executive said crude palm oil prices could climb further into 2027 as El Niño reduces Indonesian output, despite resilient Malaysian production. He expects inventories to decline toward the first quarter of 2027 and said prices are supported at RM4,500 to RM4,600 per tonne.
The company also said exports rose 30 to 40 percent.
A drop in Indonesian output from El Niño would tighten global palm oil supply and could lift prices if inventories fall as expected. The outlook is company guidance, so the price impact depends on how the weather and stock trends play out.
thestar.com.myVICTORIA ARULNov 4, 2026After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
