According to Agro2b.ru with reference to Agency Reuters, El Nino brought dry weather that slowed down the production of palm oil in the world.

Palm oil production in January amounted to $ 2.440 million tons ,slightly below the December result of 2.457 million tons. The production of oil in December, the lowest level since March 2015.

"El niño" began to rage , somewhere in June of last year and peaked around August-September 2015. This greatly affected the production of palm oil.

Malaysia, the world's second-largest palm producer after Indonesia, palm oil production in the country decreased by 14% compared with the previous month.

The survey showed Indonesia has reduced the export of oil from 2.675 million tonnes in December до2.005 million tons in January, на25% lower compared to the previous month.

Domestic consumption of palm oil in Indonesia is estimated to range between 550,000 tons and 752,000 tonnes per year. The decline in production has caused the price increase by 10% in 2015, currently the price per tonne is($623.65).