Malaysian Palm Oil Council
Palm oil may gain premium over soyoil in 2027 on supply risks, says industry official
Published:
English editorial record · renofaro
Key points
- Eddy Martono, chairman of the Indonesian Palm Oil Association, told Reuters that palm oil could trade at a premium to soyoil in 2027 due to El Niño production risks and rising Indonesian biodiesel demand.
- He projected Indonesia's 2027 palm oil output to fall 3.7% to 56.6 million metric tonnes while biodiesel demand rises 18.5% to 17.4 million tonnes, cutting exports by 14.9% to 26.5 million tonnes.
Summary
Eddy Martono, chairman of the Indonesian Palm Oil Association, told Reuters that palm oil could trade at a premium to soyoil in 2027 due to El Niño production risks and rising Indonesian biodiesel demand. He projected Indonesia's 2027 palm oil output to fall 3.7% to 56.6 million metric tonnes while biodiesel demand rises 18.5% to 17.4 million tonnes, cutting exports by 14.9% to 26.5 million tonnes.
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