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Market move● Neutral for Indian equities
Palm oil faces near-term pressure as rising stocks offset 2027 El Niño supply risks
The brief
- Palm oil output in Malaysia rose month-on-month in September despite below-normal rainfall
- El Niño is expected to crimp palm oil output in 2027, squeezing supply
- Palm oil price swings affect Indian edible-oil importers and food companies
- Major impact on kharif crops seen from monsoon deficit, uneven rainfall
- Fertiliser sales slide as poor rains cloud kharif season