date:Dec 08, 2015
t a tonne in Kuala Lumpur as of 09:15 UK time (03:15 Chicago time).
El Nino typically causes dryness in South East Asia, the major palm oil-producing region, and indeed analysts, including at the US Department of Agriculture, have been cutting forecasts for output in the likes of Indonesia.
February palm oil futures, also gaining support in turn from soyoil, are now within striking range of the level of 2,460 ringgit a tonne hit in September, on a benchmark contract basis, which was the highest