Sipef Palm Oil Output Up 10.4%, Prices Strong on El Niño, Biodiesel Demand

Sipef reported a 10.4% increase in palm oil production to 359,357 tonnes for the first nine months, driven by Indonesia and Papua New Guinea, with prices remaining high in Q3. The company sees robust prospects into 2027, citing a strong El Niño, high biodiesel demand, and geopolitical uncertainties. This signals sustained upward pressure on vegetable oil prices, with implications for food inflation and energy markets.