CPO Prices Fail To Recover, Further Decline Likely
By. Editor. -. December 22, 2023. Price Rebound in November Short-Lived Malaysian benchmark crude palm oil (CPO) spot prices have declined to below USD800 per tonne (t) again in December 2023, after gaining strength in November on market concerns that the El Nino climate pattern will have a major impact on global vegetable oil supply.
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Palm oil prices seen rising in 2024 as El Nino crimps ... - Nasdaq
Crude palm oil (CPO) prices in 2024 are likely to average at least 11% more than this year as El Nino weather patterns are expected to reduce output in top producer Indonesia, the Indonesian Palm ...
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El Nino potentially suppressing palm oil production next year - PwC
4 October 2023. Jakarta - The Indonesian Palm Oil Association (IPOA) stated that El Nino this year has the potential to suppress national palm oil production next year. Palm oil production in 2024 is estimated at only 51-53 million tonnes, or lower than the 2023 target of 54 million tonnes. The lack of rain due to the long dry season caused by ...
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Palm oil industry: El Nino will 'fry' CPO price - PwC
He said the threat of El Nino this year could directly impact on crude palm oil (CPO) production. However, he predicted that the impact of El Nino would only be felt next year. "If El Nino occurs this year, the impact will only be felt next year," he told Bisnis recently.
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El Nino predicted to support CPO price | The Star
Commodities RHB Research said both Malaysian and Indonesian planters are expecting a strong recovery in output in 2H23. PETALING JAYA: Despite the uptrend in the palm oil stockpile, most analysts continue to maintain their crude palm oil (CPO) price assumption between RM3,800 and RM4,000 per tonne for the 2023-2024 period.
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Malaysia 2024 palm oil output to rise despite El Nino - govt
MUMBAI (Reuters) - Malaysia's palm oil production is likely to rise next year as more plentiful labour and the maturation of plantations for harvesting offset the impact of the El Nino...
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El Nino phenomenon: IPOA predicts palm oil production to remain ... - PwC
Based on IPOA's data, the export volume of palm oil in the form of Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO) reached 16.3 million tonnes from a total production of 27.7 million tonnes as of June 2023. The export volume as of June this year has increased from the same period last year at 12 million tonnes.
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Crude Palm Oil (CPO) Update Indonesia: El Nino to Impact on Production?
Crude palm oil (CPO) output in Indonesia, the world's largest CPO producer and exporter, may decline by 20 percent to 27.5 million tons in 2016 due to the negative impact of the El Nino weather phenomenon.
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CPO prices may end up stronger than expected due to El Nino
KUALA LUMPUR: Crude palm oil (CPO) prices may end up higher than the currently expected average of RM3,700 per tonne for 2023 to 2024, Kenanga Research said. A key factor is the El Nino phenomenon, which is looking likely by the end of 2023 or early 2024. Kenanga Research also said fresh fruit bunches (FFB) output is expected to improve ...
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The Impact of La Niña and El Niño Events on Crude Palm Oil ... - OPIEJ
The results also showed that when La Niña and El Niño events occur, CPO production in a year will decline by 3.37%, palm oil stock level will decline by 2.5%, while the CPO price is likely to be higher by 10.2% as compared to a situation when the phenomenon did not occur. Keywords: ayatollah Author Information View Full Article Download Article
Get EnquoteCPO prices to move up once the impact of El Nino starts to affect ...
In their Oct 5 report, the analysts note that they do not expect crude palm oil (CPO) prices to move past RM4,000 ($1,304) per tonne mark for the rest of 2023. However, they believe CPO prices could range higher from the current levels to up to RM4,500 per tonne once the impact of El Nino starts to affect productivity in 2H2024.
Get EnquoteLower CPO output in 2024 likely to lift price sentiment
The high palm oil stockpile in major palm producing countries that will likely peak soon, favourable palm oil-gas oil (Pogo) spread and lagged impact of El Nino on palm production, are expected to support crude palm oil (CPO) price from 2024 onwards.
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The El Nino conundrum | The Star
Generally, El Nino's impact on yields can be seen six months, 12 months and 24 months later. "It also can be seen however, that even 12 months later, CPO price impact is not uniform - with June 1993, February 1996 and February 1999 - being anomalies, where CPO prices actually fell 12 months later," said the research house.
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Palm oil prices seen rising in 2024 as El Nino crimps ... - TradingView
Crude palm oil (CPO) prices in 2024 are likely to average at least 11% more than this year as El Nino weather patterns are expected to reduce output in top producer Indonesia, the Indonesian Palm Oil Association (GAPKI) said on Thursday.
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El Nino to affect productivity | The Star
Wednesday, 17 May 2023 Commodities Three out of four El Nino incidents since 2000 have brought about lower CPO yields, said HLIB Research analyst Chye. PETALING JAYA: The risk of a looming El Nino dry weather phenomenon could trigger crop productivity concerns among plantation players.
Get EnquotePalm Oil Industry Indonesia: CPO Prices Rise on El Nino Drought
The crude palm oil (CPO) price continues to rise supported by the impact of the El Nino weather phenomenon. El Nino causes a dry spell in Southeast Asia, home to the world's largest palm oil plantations. As a result, CPO inventories in Malaysia may have declined to 2.11 million tons, an 11-month low in February 2016. Meanwhile, Singapore-based agribusiness trader Olam International Ltd said ...
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The Impact of La Niña and El Niño Events on Crude Palm Oil Prices: An ...
Both the La Niña and El Niño events are deemed as being strong market sentiments issues that supported crude palm oil (CPO) prices in an upward trend. An analysis carried out was shown...
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The Impact of La Niña and El Niño Events on Crude Palm Oil Prices: An ...
The Impact of La Niña and El Niño Events on Crude Palm Oil Prices: An Econometric Analysis Ayat K Ab Rahman, R. Abdullah, +1 author M. Shariff Published 2013 Economics, Environmental Science Both the La Nina and El Nino events are deemed as being strong market sentiments issues that supported crude palm oil (CPO) prices in an upward trend.
Get EnquoteEl Niño and forecastability of oil-price realized volatility - Springer
Demirer R, Gupta R, Nel J, Pierdzioch C (2020a) Effect of rare disaster risks on crude oil: evidence from El Nino from over 140 years of data. Working Papers 2020104, University of Pretoria, Department of Economics. Demirer R, Gupta R, Pierdzioch C, Shahzad SJH (2020b) The predictive power of oil price shocks on realized volatility of oil: a note.
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Fitch: Malaysian CPO spot prices to average US$650 per tonne in 2024 - MSN
Feedback. KUALA LUMPUR (Dec 22): Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to average US$650 per tonne (t) in 2024, substantially lower than around US$840/t in ...
Get EnquotePDF Relationship Between Severe El Niño Phenomena and Malaysia's Palm Oil ...
impact on the palm oil industry in Malaysia. Climate variability does significantly influence the palm oil production pattern in Malaysia but the impact is subject to the intensity of the El Niño and La Niña events. A moderate or strong El Niño can cause rainfall to be lower than normal, hence affecting the oil palm production pattern. The
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Impact of El Nino on Palm Oil Production - ResearchGate
In 2008, Indonesia contributed 34.3% of total palm oil world production and 84.6% of production was exported as crude palm oil (CPO). In the world market, the growth of palm oil consumption and ...
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Impact of El Niño on Oil Palm Yield in Malaysia - MDPI
Oil palm crop yield is sensitive to heat and drought. Therefore, El Niño events affect oil palm production, resulting in price fluctuations of crude palm oil due to global supply shortage. This study developed a new Fresh Fruit Bunch Index (FFBI) model based on the monthly oil palm fresh fruit bunch (FFB) yield data, which correlates directly with the Oceanic Niño Index (ONI) to model the ...
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PDF The Impact of La Niña and El Niño Events on Crude Palm Oil Prices: An ...
entitled The Economic Impact of La Niña on Oil Palm Production (Ayat, 2012), La Niña had caused flooding in some oil palm planted areas. The study found that in 2010/2011, 402 oil palm estates with an area of 428 912 ha were affected by flooding. The floods disrupted harvesting and collecting activities and caused the fresh fruit bunch
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