Palm Oil Braces For La Niña In 2018

Talk to our our team about Gro's offering
Talk to our team

Experts follow the Multivariate ENSO Index (MEI) to track the El Niño/La Niña phenomenon, which describes the cyclical shifts in water temperature between the Eastern and Western Pacific Oceans. The current MEI value and trend signals an incipient La Niña event. Edible oil producers and consumers recall the last major La Niña in 2010-2011. The weather event dumped excess precipitation on oil palm plantations in Malaysia and Indonesia, which together account for 80% of the world’s production. The extra rain resulted in crop damage, and higher prices for cooking oils worldwide. We encourage vegoil producers, traders, and consumers to watch Gro Intelligence to monitor the growing impact of the likely La Niña event of 2017-2018.

Get a demo of Gro
Talk to our enterprise sales team or walk through our platform