Palm oil prices are expected to stay high into next year as drought hits Southeast Asian output and biodiesel demand tightens the market, analysts say. That keeps edible-oil and biodiesel input costs

What happened: Analysts expect palm oil prices to stay high into next year as dry weather hits output in Southeast Asia's key production areas, with biodiesel demand also tightening the market. Why it matters: Forecasters cited by the report predict El Nino will drive palm oil prices up next year, with rising biodiesel demand adding pressure to supply.

Southeast Asia drought expected to keep palm oil prices elevated next year.

Southeast Asia drought expected to keep palm oil prices elevated next year. — impact context not separately stored; see What changed.