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Malaysian palm oil futures closed higher on Friday, posting their first weekly gain in three weeks, with the January contract up 0.5% to 4,462 ringgit a metric ton and 4.79% for the week. Analysts at the Indonesian Palm Oil Conference expect prices to recover as El Niño-related drought hits Indonesian output in early 2027.
Expected El Niño drought losses in Indonesia's production point to tighter palm oil supply in early 2027, supporting vegetable oil prices and the cost of palm-derived feed ingredients. Uncertainty over a new Indonesian service fee limits the rebound for now.
brecorder.comReutersNov 13, 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.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% 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.
