2:34 pm - FCPO holding strong due to this.

Malaysia's December crude palm oil output down 15.4 percent after flooding
KUALA LUMPUR (Thomson Financial) - Malaysia, the world's leading producer
of palm oil, said Friday crude palm oil production dropped 15.4 percent in
December from November after severe flooding hit several key palm oil
producing areas.
Crude palm oil output in December stood at 1.396 million metric tons,
down from 1.65 million tons in the previous month, the Malaysian Palm Oil
Board (MPOB) said in its latest report.
Total stock of crude palm oil fell 5.1 percent to 926,979 tons from 976,
607 tons from November, the government agency said.
Palm oil stock, including processed palm oil, declined 7.1 percent to 1.
682 million tons, against 1.81 million tons in November,
MPOB said exports of palm oil totaled 1.357 million tons, up 9.3 percent
from the previous month.
The southern state of Johor, Malaysia's top palm oil producing state, was
among the worst hit by floods late last year.
Crude palm oil futures on the Malaysian derivatives exchange reached a
fresh record on Friday. The benchmark three-month contract for March delivery
was up 74 ringgit at 3,275 ringgit per ton, off a high of 3,278 ringgit.
(1 US dollar = 3.25 ringgit)