# World Bank Predicts Palm Oil Prices to Strengthen in 2024

> The World Bank's April 2024 Commodity Markets Outlook projects average RBD palm oil prices at US$905 per ton in 2024, up 2.1% from 2023 but below 2021-2022 levels. The bank attributes the increase to weaker Southeast Asian production and tightening stocks, and expects prices to fall in 2025.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/30835-world-bank-predicts-palm-oil-prices-to-strengthen-in-2024
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast of tighter Southeast Asian supply supports palm prices through 2024, while the expected 2025 decline signals that buyers should plan for easing costs later.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-01-11 | [Tight palm oil supplies to support prices in 2024: MPOB \| S&P Global](https://feedsoft.ai/events/32228-tight-palm-oil-supplies-to-support-prices-in-2024-mpob-s-and-p-global.md) | +1.5% | +0.2% |
| PALMOIL | 2018-03-28 | [The increased production of biodiesel will strengthen oilseed prices in 2018](https://feedsoft.ai/events/66097-the-increased-production-of-biodiesel-will-strengthen-oilseed-prices-in-2018.md) | +1.7% | -0.1% |
| PALMOIL | 2020-02-03 | [Tight supply to boost palm oil prices despite virus fear: Oil World \| Daily FT](https://feedsoft.ai/events/4956-tight-supply-to-boost-palm-oil-prices-despite-virus-fear-oil-world-daily-ft.md) | -5.6% | -23.1% |
| PALMOIL | 2025-08-27 | [KLK posts 44% jump in 3Q profit, expects palm oil prices to stay volatile \| The Star](https://feedsoft.ai/events/23428-klk-posts-44-jump-in-3q-profit-expects-palm-oil-prices-to-stay-volatile-the-star.md) | +1.1% | +0.8% |
| PALMOIL | 2017-12-06 | [Industry Review: Palm Oil Price and Output Expected to Pick Up in 2018 - The Insiders Stories](https://feedsoft.ai/events/67569-industry-review-palm-oil-price-and-output-expected-to-pick-up-in-2018-the.md) | -3.6% | +1.5% |

## Sources

- databoks.katadata.co.id: https://databoks.katadata.co.id/en/economics-macro/statistics/822cdb54b0b533d/world-bank-predicts-palm-oil-prices-to-strengthen-in-2024

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