Palm oil production remains 20% below average - palm oil rates at a high level The palm oil production in the second largest region of production Malaysia remains more than 20% behind the results of the previous years back. The effects of the drought are the decisive cause of the EL Niño weather last year. In the neighbouring larger Production area Indonesia the drought-related damage to the palm oil production to be down less serious. The exact development of the pay is estimated up to. This year's seasonal peak of production is the month Oct. 2016 exceeded. For the remainder of the harvests will go back further in the next few months. Limited availability of palm oil offers has led to a reduction of exports to barely average level of 1.4 million tons in connection with the rise in prices. Stock stocks in previous years exceeded the mark by 2.5 million t to the height of the season and helped the supply to keep largely constant seasonally declining production. Today reached the level still 1.6 million tonnes. Thus, the supply situation will remain persistently scarce in the future falling production. It is hardly to be expected that the palm oil prices from its own dynamics will giveis key factor in the level and the further development of the crude oil price . The soy sector as the second largest supplier of vegetable oil will exercise its influence in addition. The record harvest of soy in the United States and the high expectations of South American soybean crops Let 2017 in the 1 half of a high range expect. That will have dampening effect on the further development of price in the oilseed sector. Decisive for future price developments, however, the crude oil price will remain.
