El Nino Lifts Near-Term Crude Palm Oil Outlook

Dow Jones

Sep 09

0123 GMT - Crude palm oil futures prices are higher than spot prices, with the market pricing in tighter supply and higher CPO prices in 2027, Maybank analyst Ong Chee Ting says in a note. This reflects expectations of seasonally lower 1H 2027 output, which could be further weakened by the lagged impact of El Nino, especially in Indonesia, he says. Malaysia-based planters should be safer bets as Indonesia is likely to bear the brunt of El Nino, he says. Ong retains his three-month positive view on the Southeast Asian plantations sector, although near-term price upside may be capped by competing oils trading near parity with CPO, demand rationing and potential delays to Indonesia's B50 mandate. Maybank pegs Kuala Lumpur Kepong, Sarawak Oil Palms and Genting Plantations as its top buys.

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This reflects expectations of seasonally lower 1H 2027 output, which could be further weakened by the lagged impact of El Nino, especially in Indonesia, he says. Malaysia-based planters should be safer bets as Indonesia is likely to bear the brunt of El Nino, he says. Ong retains his three-month positive view on the Southeast Asian plantations sector, although near-term price upside may be capped by competing oils trading near parity with CPO, demand rationing and potential delays to Indonesia's B50 mandate. Maybank pegs Kuala Lumpur Kepong, Sarawak Oil Palms and Genting Plantations as its top buys.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>El Nino Lifts Near-Term Crude Palm Oil Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEl Nino Lifts Near-Term Crude Palm Oil Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-09 09:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>0123 GMT - Crude palm oil futures prices are higher than spot prices, with the market pricing in tighter supply and higher CPO prices in 2027, Maybank analyst Ong Chee Ting says in a note. This reflects expectations of seasonally lower 1H 2027 output, which could be further weakened by the lagged impact of El Nino, especially in Indonesia, he says. Malaysia-based planters should be safer bets as Indonesia is likely to bear the brunt of El Nino, he says. Ong retains his three-month positive view on the Southeast Asian plantations sector, although near-term price upside may be capped by competing oils trading near parity with CPO, demand rationing and potential delays to Indonesia's B50 mandate. Maybank pegs Kuala Lumpur Kepong, Sarawak Oil Palms and Genting Plantations as its top buys.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RJA","symbol_name":"农业指数ETF-ELEMENTS","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2666306684","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2666306684","pubTimestamp":1788916980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0123 GMT - Crude palm oil futures prices are higher than spot prices, with the market pricing in tighter supply and higher CPO prices in 2027, Maybank analyst Ong Chee Ting says in a note. 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Malaysia-based planters should be safer bets as Indonesia is likely to bear the brunt of El Nino, he says. Ong retains his three-month positive view on the Southeast Asian plantations sector, although near-term price upside may be capped by competing oils trading near parity with CPO, demand rationing and potential delays to Indonesia's B50 mandate. Maybank pegs Kuala Lumpur Kepong, Sarawak Oil Palms and Genting Plantations as its top buys.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}