# Palm oil sentiment in 2023 cloudy amid uncertain supply and demand dynamics - Fastmarkets

> Analysts forecast Malaysian palm oil futures will trade between 3,500 and 5,000 ringgit per tonne in early 2023, with prices expected to decline from 2022 levels. Indonesian output for 2023 is projected at 51-52 million tonnes, below earlier estimates, partly due to La Niña and high fertilizer costs.

- Date: 2022-12-14 · published 2022-12-14T12:00:00.000Z
- Category: weather · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/38335-palm-oil-sentiment-in-2023-cloudy-amid-uncertain-supply-and-demand-dynamics
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower projected Indonesian output from La Niña and reduced fertilizer use would tighten supply, but the forecast for falling prices reflects weaker demand. The net effect is a mixed price outlook.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-02-21 | [As La Niña Exits, Palm Oil Production Could Rise in 2023 but Drop in 2024](https://feedsoft.ai/events/37249-as-la-nina-exits-palm-oil-production-could-rise-in-2023-but-drop-in-2024.md) | +0.5% | -3.5% |
| PALMOIL | 2025-12-17 | [Malaysian oil palm estates largely spared from flooding as Southeast Asia experiences devastating rainfall](https://feedsoft.ai/events/21611-malaysian-oil-palm-estates-largely-spared-from-flooding-as-southeast-asia.md) | +0.6% | +0.6% |
| PALMOIL | 2018-03-05 | [Palm oil output to dip in Q1, rebound to record later in year, say industry sources \| Malay Mail](https://feedsoft.ai/events/66111-palm-oil-output-to-dip-in-q1-rebound-to-record-later-in-year-say-industry.md) | -3.0% | +0.6% |
| PALMOIL | 2024-04-22 | [RMSI Cropalytics To Give Final Crop Estimate In May To SEA](https://feedsoft.ai/events/30857-rmsi-cropalytics-to-give-final-crop-estimate-in-may-to-sea.md) | -0.0% | -4.8% |
| PALMOIL | 2017-07-19 | [IRI – International Research Institute for Climate and Society \| 2017 July Quick Look](https://feedsoft.ai/events/69874-iri-international-research-institute-for-climate-and-society-2017-july-quick.md) | +1.4% | +4.0% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/palm-oil-uncertain-supply-demand/

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