EL NINO NOT EXPECTED TO HIT ROBUST INDONESIAN AND MALAYSIAN PALM OIL SECTORS
August 1st, 2009
BY WILL ROBERTSON, MARK ROWE and KEITH NUTHALL
THE ROBUST nature of the southeast Asian palm oil industry has been illustrated by the way the market has remained strong despite both the global recession and the arrival of weather phenomenon El Nino this year and its attendant drought conditions.
The straightforward consequence of this is that prices are set to remain reasonably high for the medium term, thanks both to El Nino, which means a lower harvest, and continuing high demand from India. Without El Nino, which reduces yields, production levels would be ...
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