07.
07.15
09:39

Palm oil prices on low rate - uncertainties of El Nino

Palm oil: Production on schedule in the seasonal increase - prices at a low level by 2015 palm oil production running so far in the usual seasonal. Its low in March the production seeks to the climax in the Oct. 15. Despite increased exports, the inventories above the production line were rebuilt further.

It is an El Niño year for 2015. Normally, this means weather phenomenon for the location of Indonesia and Malaysia, which produce 90% of palm oil, impairments due to low rainfall. The normal annual rainfall is between 1,800 to 2,000 mm. Still, there are no restrictions to recognize.

Even if smaller production reductions should occur, they can be intercepted right by the high stock levels. Only serious crop damage can put the level of supply in a critical State and the prices to rise sharply.

Palm oil and soybean oil are the market leaders in the oil business. It is Palm oil due to its cheaper price in a competitive advantage. Therefore, the greatest attention should be given to the palm oil. In particular the rape rates are strongly influenced by the palm oil price as oil pointed out product.

Should verify the announcements of an intense El Niño weather, are possibly at the time of the largest annual production with drought-induced reduction of the harvest results. But the expression of an EL Niño weather has been erratic despite year ten long observation.

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