Palm oil & Indonesia

Palm oil: Palm oil production, particularly in Indonesia and Malaysia, is sensitive to expected temperature rises from El Ni , with impacts on fresh fruit bunch formation and oil extraction rates expected 6-12 months later.

Indonesia: Indonesia's rice farmers are racing to plant crops ahead of a lengthy dry spell threatened by El Ni , and its palm oil production is also highly sensitive to the expected temperature rises.

Palm oil: Palm oil imports into India fell, leading to lower domestic stocks and potentially higher local prices.

Palm oil: Palm oil prices reached their highest level since mid-2022, contributing to the overall increase in vegetable oil prices, driven by rising global energy prices and biofuel demand.