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Malaysian palm oil futures closed Friday up 22 ringgit, or 0.5%, at 4,462 ringgit per tonne, gaining 4.79% on the week and posting their first weekly rise in three weeks. Analysts at a conference in Indonesia expect El Niño drought to affect output from early 2027.
The weekly rebound reflects expectations of tighter Indonesian output, though weaker crude and a possible Indonesian service fee limit gains. Feed buyers should watch for a firmer palm oil price into 2027.
Not enough comparable past events yet for a historical read.
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.