# Palm oil post first weekly gain in three weeks

> 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.

- Date: 2026-11-13 · published 2026-11-13T12:06:25.900Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/97614-palm-oil-post-first-weekly-gain-in-three-weeks
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-03-01 | [Palm oil clocks third weekly climb on tight supply worries](https://feedsoft.ai/events/37449-palm-oil-clocks-third-weekly-climb-on-tight-supply-worries.md) | +1.8% | -4.7% |
| PALMOIL | 2023-06-27 | [Palm oil will rise in price in the second half of the year – forecast](https://feedsoft.ai/events/35580-palm-oil-will-rise-in-price-in-the-second-half-of-the-year-forecast.md) | +12.1% | +13.3% |
| PALMOIL | 2020-10-23 | [Palm oil flat, logs 2pc weekly rise on supply worries - Markets - Business Recorder](https://feedsoft.ai/events/50739-palm-oil-flat-logs-2pc-weekly-rise-on-supply-worries-markets-business-recorder.md) | +0.7% | +14.3% |
| PALMOIL | 2017-12-06 | [La Nina heavy rainfall to lift palm oil prices \| Borneo Post Online](https://feedsoft.ai/events/67566-la-nina-heavy-rainfall-to-lift-palm-oil-prices-borneo-post-online.md) | -3.6% | +1.5% |
| PALMOIL | 2019-08-07 | [Palm hits fresh 10-week high on Indonesia weather concerns \| The Star](https://feedsoft.ai/events/57679-palm-hits-fresh-10-week-high-on-indonesia-weather-concerns-the-star.md) | +3.7% | +3.5% |
| SBO | 2023-03-01 | [Palm oil clocks third weekly climb on tight supply worries](https://feedsoft.ai/events/37449-palm-oil-clocks-third-weekly-climb-on-tight-supply-worries.md) | -0.6% | -7.3% |
| SBO | 2023-06-27 | [Palm oil will rise in price in the second half of the year – forecast](https://feedsoft.ai/events/35580-palm-oil-will-rise-in-price-in-the-second-half-of-the-year-forecast.md) | +9.1% | +16.7% |
| SBO | 2024-05-24 | [This week in grains, oilseeds, oils & animal nutrition - Expana](https://feedsoft.ai/events/30377-this-week-in-grains-oilseeds-oils-and-animal-nutrition-expana.md) | +1.6% | +1.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40448763/palm-oil-post-first-weekly-gain-in-three-weeks

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