El Niño Set to Crimp Palm Oil Output in 2027, Squeezing Supply

Indonesia and Malaysia are expected to produce less palm oil in 2027 due to dry weather conditions associated with El Niño, according to reporting on commodity forecasts. The weather pattern is projected to reduce yields in both countries, which together account for the majority of global palm oil production. Global palm oil prices are anticipated to rise as a result of the reduced supply.

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