# Limited supply to prop up 2023 CPO prices, but global uncertainty clouds outlook - Economy - The Jakarta Post

> Analysts say crude palm oil prices are unlikely to return to recent lows in 2023 as production growth levels off. Oil World forecasts Malaysian output rising 300,000 tonnes and Indonesian output 2.2 million tonnes in 2023, with geopolitics, climate, inflation and recession risks clouding the outlook.

- Date: 2022-11-07 · published 2022-11-07T12:00:00.000Z
- Category: report · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/38781-limited-supply-to-prop-up-2023-cpo-prices-but-global-uncertainty-clouds-outlook
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Slowing palm supply growth supports prices into next year, while macro and geopolitical risks could cap demand. The outlook suggests firmer palm prices versus the 2022 lows.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-06-19 | [Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year](https://feedsoft.ai/events/18880-soybean-meal-and-oil-global-demand-sustains-market-but-excess-supply-pressures.md) | -0.0% | +0.3% |
| 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 | 2021-04-29 | [Fitch Revises 2021 Palm Oil Price Upwards But Bearish On 2022 Outlook](https://feedsoft.ai/events/47699-fitch-revises-2021-palm-oil-price-upwards-but-bearish-on-2022-outlook.md) | +3.3% | +9.2% |
| PALMOIL | 2020-08-13 | [First-half contraction in palm oil output, exports due to 'domino effect': GAPKI - Business - The Jakarta Post](https://feedsoft.ai/events/51737-first-half-contraction-in-palm-oil-output-exports-due-to-domino-effect-gapki.md) | +1.8% | +5.6% |
| PALMOIL | 2024-11-01 | [Crude palm oil prices likely to remain high through the first quarter of 2025](https://feedsoft.ai/events/4986-crude-palm-oil-prices-likely-to-remain-high-through-the-first-quarter-of-2025.md) | +9.9% | +9.2% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/business/2022/11/08/limited-supply-to-prop-up-2023-cpo-prices-but-global-uncertainty-clouds-outlook

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