# Palm Oil Supply Woes to Bolster Prices This Year, Mistry Says - Bloomberg

> Veteran trader Dorab Mistry said stagnating production and dwindling stockpiles will support palm oil prices relative to other edible oils in the near term. He expects Indonesian output to fall by at least a million tons in 2024, with Malaysian output roughly flat. He said the trend could last at least five years due to aging trees and erratic weather.

- Date: 2024-03-05 · published 2024-03-05T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/31286-palm-oil-supply-woes-to-bolster-prices-this-year-mistry-says-bloomberg
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast of falling Indonesian output tightens global vegetable oil supply and supports palm prices against competing oils. This raises the cost of fats used in feed.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-03-05/palm-oil-supply-woes-to-bolster-prices-this-year-mistry-says

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