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Market Impact: 0.35
El Niño to Crimp Indonesian Palm Oil Output, Producer Group Says
Source: Bloomberg
Energy Markets & PricesCommodities & Raw MaterialsNatural Disasters & WeatherMarket Technicals & Flows
An industry estimate flags Indonesia palm oil production could fall by up to 3 million tons next year due to an El Niño forecast, which would likely tighten supply and keep prices under upward pressure. The weather-driven output risk is a near-term commodity headwind for buyers and a positive tailwind for palm oil prices.
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