Tag: El Niño

El Niño seen helping to control Malaysian palm oil production and push up prices

El Niño seen helping to control Malaysian palm oil production and push up prices

January 2, 2019 |

In Malaysia, although palm oil stocks are likely to remain high through the first quarter of the year, analysts expect prices to gradually increase thanks to dry weather from an expected El Niño and draining down of stocks later on the in the year. The Australian weather bureau believes there is currently a 70% chance […]

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Hope for stronger palm oil prices in Q4 relies on possibility of El Niño

Hope for stronger palm oil prices in Q4 relies on possibility of El Niño

October 9, 2018 |

In Malaysia, palm oil prices are seeking ticking upwards come the end of the year thanks to increased demand for biodiesel on the back of higher petroleum prices but also due to expected negative impacts on production from extended dry periods during key growing periods that will likely result from an upcoming El Niño. Australia’s […]

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La Niña to support Malaysian palm oil prices following El Niño

La Niña to support Malaysian palm oil prices following El Niño

July 13, 2016 |

In Malaysia, dry weather impacts from El Niño have diminished palm oil production that has shrunk production and supported prices, but analysts now believe that the forecasted La Niña phenomenon could also support prices. Shrinking demand from major importers like China have weakened prices but the weather patterns that are seeing peak production periods delayed […]

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Thailand to temporarily cut biodiesel mandate as El Niño hits production

Thailand to temporarily cut biodiesel mandate as El Niño hits production

June 20, 2016 |

In Thailand, El Niño is taking its told on palm oil production, so much so that the Energy Ministry will seek a reduction in the biodiesel blending mandate to 5% from the current 7%. The reduction is meant to only be temporary until the start of the next harvest. Demand for the lower blend will […]

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Malaysian palm oil stocks fall to 14-month lows as El Niño hits producti

Malaysian palm oil stocks fall to 14-month lows as El Niño hits producti

May 12, 2016 |

In Malaysia, palm oil stocks have fallen to 14-month lows at 1.80 million metric tons in April, down 4.5% from March. Bloomberg had expected stocks to be around 1.82 million ton in April. Production during the month increased 6.7 percent to 1.30 million tons while exports fell 3 percent to 1.16 million tons but production […]

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El Niño dryness sees Malaysian palm oil prices at two-week high

El Niño dryness sees Malaysian palm oil prices at two-week high

April 21, 2016 |

In Malaysia, continued concerns over dry, hot weather resulting from El Niño is helping to support palm oil futures prices to a two-week high following four days of a stronger pricing trend. Already prices have risen 11% this year thanks to lower production estimates resulting from the El Niño impacts. Prices have breached the $700 […]

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El Niño could cut Malaysian palm oil production by 2 million tons

El Niño could cut Malaysian palm oil production by 2 million tons

March 28, 2016 |

In Malaysia, El Niño could cut palm oil production by 2 million metric tons this year as dryness expends its reach and negatively impacts production through September. Prices are already at two-year highs, so a dent in production as forecast could help to support prices even further, with some estimates pointing towards $730 per metric […]

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El Niño may cut Malaysian palm oil production by 3 million tons

El Niño may cut Malaysian palm oil production by 3 million tons

March 9, 2016 |

In Malaysia, El Niño’s impact on palm oil production may be even more drastic than previously expected with 2015/16 production volumes potentially falling by as much as 3 million metric tons, in turn pushing prices above $730 per ton for the first time since September 2012, up 17% from current levels. Higher prices will make […]

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El Niño seen shrinking Malaysian palm oil production and supporting CPO prices

El Niño seen shrinking Malaysian palm oil production and supporting CPO prices

January 28, 2016 |

In Malaysia, the national palm oil council expects El Niño to negatively impact production during 2016, which combined with Indonesia’s desire to continue towards blending 20% biodiesel are expected to introduce enough uncertainties in the market to keep crude palm oil prices above 2015 levels. The council believes prices will be on average $616 per […]

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El Nino impact finally being priced into Malaysian palm oil futures

El Nino impact finally being priced into Malaysian palm oil futures

September 21, 2015 |

In Indonesia, the El Nino impact on oil palm production both in the country and in Malaysia could be more than expected if dryness continues for another month or two, cutting yields of fresh fruit bunches. Analysts predict that the weather phenomenon could be the strongest seen since records began in the 1950s and as […]

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