# Commodities 2023: Lower palm oil prices likely but markets wary of supply, recession risks | S&P Global

> S&P Global polled eight industry analysts and trade bodies, who expect Malaysian third-month crude palm oil futures to average about MR 3,800/mt in 2023, below 2022's record-high average of MR 4,943/mt. Higher Malaysian and Indonesian output is expected as foreign workers return, though labor shortages, China's reopening and recession risks could alter the outlook.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/37898-commodities-2023-lower-palm-oil-prices-likely-but-markets-wary-of-supply
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast of lower palm prices reflects expected supply recovery that would ease vegoil costs for feed buyers. The outlook remains uncertain because demand depends on China and the global economy.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/010323-lower-palm-oil-prices-likely-in-2023-but-markets-wary-of-supply-recession-risks

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