# Sime Darby upbeat on palm oil prices, but sees labour squeeze shrinking its output - Grain Price News

> Sime Darby said palm oil prices will be supported by Indonesia's reintroduced export levy, which follows drawdowns in inventories. The company also warned its own output will be curtailed by a worker shortage, and noted global palm inventories are improving as Indonesia loosens export restrictions.

- Date: 2022-11-22 · published 2022-11-22T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38782-sime-darby-upbeat-on-palm-oil-prices-but-sees-labour-squeeze-shrinking-its
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Indonesian levy reintroduction and shrinking stocks support prices, while labour constraints tighten supply from a major producer. Improving inventory flows partly offset that support.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-11-25 | [Indonesia sticks to its guns on B20 biodiesel, despite rising palm oil prices \| New Straits Times](https://feedsoft.ai/events/73758-indonesia-sticks-to-its-guns-on-b20-biodiesel-despite-rising-palm-oil-prices.md) | +3.8% | +5.0% |
| PALMOIL | 2024-09-05 | [Palm Oil News - CPO Reference Price Gets increased in September 2024, Out Fee and Export Duties Would be US$ 142 per Ton](https://feedsoft.ai/events/6164-palm-oil-news-cpo-reference-price-gets-increased-in-september-2024-out-fee-and.md) | +0.4% | +12.0% |
| PALMOIL | 2021-02-03 | [Palm Oil News - Lame Palm Oil Beaten by Export Tax](https://feedsoft.ai/events/48504-palm-oil-news-lame-palm-oil-beaten-by-export-tax.md) | +2.2% | +8.2% |
| PALMOIL | 2024-03-25 | [Biodiesel to drive 2025 palm oil prices: IPOC \| Latest Market News](https://feedsoft.ai/events/15660-biodiesel-to-drive-2025-palm-oil-prices-ipoc-latest-market-news.md) | +0.1% | -1.8% |
| PALMOIL | 2016-11-23 | [Palm Oil News - B20 Could Have Better Palm Oil Price?](https://feedsoft.ai/events/73943-palm-oil-news-b20-could-have-better-palm-oil-price.md) | +0.7% | +5.5% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/11/22/sime-darby-upbeat-on-palm-oil-prices-but-sees-labour-squeeze-cut-its-output/

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