El Nino dry weather to lead to rise in the palm oil price


Tek: ‘History has shown that CPO price reacts positively everytime El Nino occurs.’

PETALING JAYA: The El Nino dry weather conditions have already affected many oil palm plantations in Malaysia and are set to become more extreme that could last until middle of next year.

Industry players say a prolonged dry weather could negatively impact the global production of palm oil, thus triggering speculation of a higher crude palm oil (CPO) price in the coming months.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , El Nino , palm oil , dry weather , cpo , oil palm , price , al nino , plantations , klci , klse ,

   

Next In Business News

Crest Builder unit bags RM486mil job
Axis-REIT shows improved quarterly performance
Optimistic outlook for Grade A premium offices
Haily wins RM109.5mil contract
Topmix makes Bursa debut with 32% premium
KIP-REIT aims to scale up operations
Inta Bina bags RM170mil job
Domestic institutional investors to sustain gains
MAHB first-quarter traffic the highest since 2020
DXN 4Q net profit jumps 43%

Others Also Read