# Malaysia: Slight recovery for palm oil

> The Malaysian Palm Oil Board (MPOB) and Maybank Research expect the Malaysian palm market to grow only slightly in 2023. They forecast crude palm oil prices to fall this year, reflecting higher supply of competing oils and a stronger ringgit.

- Date: 2023-01-04 · published 2023-01-04T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/37906-malaysia-slight-recovery-for-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected lower palm prices and record South American soybean supply point to ample global vegoil availability. This favors cheaper vegetable oil inputs for feed producers in 2023.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/malaysia-slight-recovery-for-palm-oil/

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