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Julian McGill of Glenauk Economics projects crude palm oil prices rising to 5,000 ringgit per ton by mid-2027. He cited El Niño, lower Indonesian production and falling Malaysian stocks as drivers, and said the drought's effect on output should appear around Q1 2027 after an 8 to 10 month lag.
A drought-driven output decline in 2027 would tighten global vegetable oil supply, pointing to higher palm oil prices after the year's volatility.
money.kompas.comSakina Rakhma Diah SetiawanNov 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.
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.
