
Palm oil futures in Kuala Lumpur rose as much as 2.6% to 4,500 ringgit a metric ton on October 23, the highest since July 2022, with the year-to-date rally above 20%. Indonesian output may reach only 51 million tonnes this year, down from 54.8 million in 2023, due to lingering El Niño impacts and aging, slow-to-replant plantations.
Palm has also traded at a rare premium to soyoil.
Persistent supply shortfalls in the two largest producers keep vegetable oil prices firm, adding to feed and food cost pressure. The premium over soyoil may also shift buyers toward soy-based alternatives.
過去の強気な天候イベント181件の後、パーム油 は5営業日で中央値 +0.5% 動き(56% が上昇。中央50%は -0.9% から +1.9%)、20営業日では +0.3% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Lower Indonesian output expected due to El Niño and aging trees, plus a palm premium over soyoil, signal supply tightness supporting the rally.