# 2023 palm oil market projection: CPO price fluctuation to be more controllable

> Oil World analyst Thomas Mielke said global palm oil production growth is slowing because of lower productivity, few new plantings, labour shortages, and pest and disease problems. Production growth is expected to slow to 2.3 million tonnes a year through 2030, down from 2.9 million tonnes a year. He predicted that CPO prices in 2023 will not fall back to the year's lows.

- Date: 2022-11-07 · published 2022-11-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/15777-2023-palm-oil-market-projection-cpo-price-fluctuation-to-be-more-controllable
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Slowing supply growth and rising biodiesel demand give palm oil a firmer price floor than in 2022. This supports prices for buyers of palm-based feed ingredients and vegetable oils.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- pwc.com: https://www.pwc.com/id/en/pwc-publications/industries-publications/consumer-and-industrial-products-and-services/plantation-highlights/november-2022/2023-palm-oil-market-projection-cpo-price-fluctuation-to-be-more-controllable.html

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