Palm oil & Iran

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.

Iran: The ongoing Iran war has contributed to sharply rising fertilizer and gas costs, which, combined with El Ni , could drive prices even higher and exacerbate inflation in Southeast Asia.

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.