# Malaysian palm oil output expected to improve this year | The Western Producer

> Malaysia's palm oil output is expected to improve in 2024 as labour shortages ease, with MPOB forecasting production of 18.75 million tonnes and exports of 15.6 million tonnes. Planters still face compliance pressure from EU and US rules on deforestation and forced labour.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15665-malaysian-palm-oil-output-expected-to-improve-this-year-the-western-producer
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher expected Malaysian output and exports point to more supply in the palm oil market, which is mildly bearish for prices, though labour and regulatory constraints limit the upside to supply.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2024-02-01 | 1 | -2.1% | -3.0 | On Feb 1, MPOB forecasts of improved 2024 output (18.75 Mt) and easing labour shortages point to higher supply, a bearish sentiment driver for palm prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-06-10 | [Malaysia's palm oil stocks above expectations on higher-than-projected output in May \| S&P Global](https://feedsoft.ai/events/15815-malaysia-s-palm-oil-stocks-above-expectations-on-higher-than-projected-output.md) | -6.3% | -32.4% |
| PALMOIL | 2019-04-29 | [Malaysian palm oil output likely to be higher in 2019  - The HinduBusinessLine](https://feedsoft.ai/events/6147-malaysian-palm-oil-output-likely-to-be-higher-in-2019-the-hindubusinessline.md) | -7.8% | -7.9% |
| PALMOIL | 2021-03-24 | [World palm oil production to rebound, Malaysian output to decline 500,000 tonnes, says commodity expert \| Malay Mail](https://feedsoft.ai/events/48229-world-palm-oil-production-to-rebound-malaysian-output-to-decline-500-000-tonnes.md) | -1.5% | -2.7% |
| PALMOIL | 2017-07-04 | [Analysts expect Malaysian palm oil prices to fall during H2 as production ramps up  : The Daily Digest](https://feedsoft.ai/events/70060-analysts-expect-malaysian-palm-oil-prices-to-fall-during-h2-as-production-ramps.md) | +2.7% | +6.5% |
| PALMOIL | 2026-10-05 | [Malaysian palm oil stockpiles hit record amid output surge \| The Straits Times](https://feedsoft.ai/events/17177-malaysian-palm-oil-stockpiles-hit-record-amid-output-surge-the-straits-times.md) | +1.3% | +2.1% |

## Sources

- producer.com: https://www.producer.com/news/malaysian-palm-oil-output-expected-to-improve-this-year/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.