# CPO rally to lift earnings of upstream planters  | The Star

> Malaysian plantation analysts expect the current CPO rally to lift near-term earnings of upstream planters. HLIB cites the US-Iran conflict, EPA renewable fuel standards for 2026-2027, a heightened chance of El Nino, and Indonesia's B50 push requiring about three million more tonnes of CPO a year.

- Date: 2026-04-02 · published 2026-04-02T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/9477-cpo-rally-to-lift-earnings-of-upstream-planters-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected El Nino effects on palm productivity and additional biodiesel demand from B50 point to tighter palm supply, supporting prices. Soybean-oil demand from US biofuel rules also supports the vegetable oil complex.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-12-18 | [Export levy to balance the CPO price rally](https://feedsoft.ai/events/55459-export-levy-to-balance-the-cpo-price-rally.md) | +0.4% | +5.9% |
| PALMOIL | 2018-01-09 | [Export tax suspension to boost upstream plantation players \| Borneo Post Online](https://feedsoft.ai/events/66873-export-tax-suspension-to-boost-upstream-plantation-players-borneo-post-online.md) | -2.2% | -3.5% |
| PALMOIL | 2020-01-06 | [Laman Web Rasmi KPK - PALM OIL: Export levy to balance the CPO price rally](https://feedsoft.ai/events/54956-laman-web-rasmi-kpk-palm-oil-export-levy-to-balance-the-cpo-price-rally.md) | +0.3% | -16.4% |
| PALMOIL | 2019-11-01 | [Rally in palm oil 'red hot, ' analyst says \| The Star](https://feedsoft.ai/events/4284-rally-in-palm-oil-red-hot-analyst-says-the-star.md) | +12.8% | +16.7% |
| PALMOIL | 2025-05-15 | [Indonesia’s levies to benefit local plantation players \| The Star](https://feedsoft.ai/events/15561-indonesia-s-levies-to-benefit-local-plantation-players-the-star.md) | -0.1% | +1.0% |
| SBO | 2026-04-28 | [Iran war's boost to biofuels lifts US agriculture giants' earnings \| Reuters](https://feedsoft.ai/events/12290-iran-war-s-boost-to-biofuels-lifts-us-agriculture-giants-earnings-reuters.md) | +3.1% | -2.5% |
| SBO | 2019-11-01 | [Rally in palm oil 'red hot, ' analyst says \| The Star](https://feedsoft.ai/events/4284-rally-in-palm-oil-red-hot-analyst-says-the-star.md) | +2.2% | -1.1% |
| SBO | 2025-05-15 | [Indonesia’s levies to benefit local plantation players \| The Star](https://feedsoft.ai/events/15561-indonesia-s-levies-to-benefit-local-plantation-players-the-star.md) | -0.8% | -4.5% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/04/03/cpo-rally-to-lift-earnings-of-upstream-planters

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