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Past price behaviour points to El Nino lifting palm oil prices

Prolonged dry weather expected to hit production but boost prices over the next one to two years

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Published Tue, May 26, 2015 · 09:50 PM

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    Upside?
    S'pore-listed planters

    Singapore

    IF history is any guide, the haze cast over the palm oil sector could soon clear. Weather forecasters have finally sounded the horn for a "significant" El Nino occurrence - characterised by a prolonged dry weather event in South-east Asia - which is expected to hurt palm oil production but boost prices over the next one to two years.

    This is set to usher a wave of fresh air to the sector, which has been suffering from depressed palm oil prices of late.

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