# IOI Corp to raise spending in pursuit of expansion

> 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.

- Date: 2026-11-04 · published 2026-11-05T00:06:40.436Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/80623-ioi-corp-to-raise-spending-in-pursuit-of-expansion
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-08-28 | [IOI Corp sees strong FY27 on elevated CPO prices \| The Star](https://feedsoft.ai/events/4539-ioi-corp-sees-strong-fy27-on-elevated-cpo-prices-the-star.md) | +4.5% | +1.3% |
| PALMOIL | 2020-09-28 | [Impending wet season pushes CPO to close higher \| Malay Mail](https://feedsoft.ai/events/51200-impending-wet-season-pushes-cpo-to-close-higher-malay-mail.md) | -6.2% | +0.8% |
| PALMOIL | 2023-11-08 | [Concerns about Supply Disruptions Due to the El Nino Phenomenon and Expectations of Increased Demand Pushing Up Prices](https://feedsoft.ai/events/33280-concerns-about-supply-disruptions-due-to-the-el-nino-phenomenon-and.md) | +2.5% | +0.2% |
| PALMOIL | 2023-09-08 | [Indonesia expects delayed rainy season due to El Nino](https://feedsoft.ai/events/34002-indonesia-expects-delayed-rainy-season-due-to-el-nino.md) | -1.5% | -7.0% |
| PALMOIL | 2021-08-23 | [Crop sowing lags in India on scanty rains, raises concerns over yields \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/45520-crop-sowing-lags-in-india-on-scanty-rains-raises-concerns-over-yields-economy.md) | +0.7% | +0.7% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/11/05/ioi-corp-to-raise-spending-in-pursuit-of-expansion

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