(Bloomberg) -- With an increased chance of La Nina weather conditions emerging this year, traders are looking to the past to see how prices for edible oils may change. During the last major La Nina in 2011 to 2012, palm oil surged to a near three-year high as hot weather withered soy crops in Latin America. At the same time, swathes of palm plantations in Malaysia states were flooded, cutting production to the lowest in four years.
To contact the reporter on this story: Anuradha Raghu in Kuala Lumpur at araghu3@bloomberg.net.
To contact the editors responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.net, Andrew Hobbs, Atul Prakash
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