Palm Oil Prices Reach 20-Month High Amid Biofuel Demand and El Niño Risks

Palm oil prices have climbed to their highest level in approximately 20 months, driven by increasing demand for biofuels and production risks exacerbated by the strengthening El Niño weather pattern.

20 Aug, 03:33 — 20 Aug, 03:33

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bloombergHigh5d ago

Palm Oil Hits Highest Since 2024 as Biofuels, El Niño Cut Supply

Palm oil climbed to its highest level in about 20 months, as rising biofuel demand and mounting production risks from the strengthening El Niño underpin prices.

By Eko Listiyorini and Kanupriya Kapoor

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Palm Oil Prices Reach 20-Month High Amid Biofuel Demand and El Niño Risks

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Palm Oil Hits Highest Since 2024 as Biofuels, El Niño Cut Supply

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