# Asian farmers plant to boost palm oil output, seedling shortage slows pace

> Asian farmers are planting more oil palm, but a seedling shortage is slowing the expansion of plantings. Palm oil hit a record high of 7,268 ringgit per tonne earlier this year and remains above its 2010-2020 average despite a recent correction.

- Date: 2022-09-18 · published 2022-09-18T12:00:00.000Z
- Category: weather · region Asia · magnitude low
- Page: https://feedsoft.ai/events/39673-asian-farmers-plant-to-boost-palm-oil-output-seedling-shortage-slows-pace
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Slower planting caps future production growth, which supports palm oil prices over the longer term even as near-term prices fall.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-08-20 | [Indonesian planters see drought hitting palm oil output](https://feedsoft.ai/events/57678-indonesian-planters-see-drought-hitting-palm-oil-output.md) | +1.6% | +4.4% |
| PALMOIL | 2023-08-30 | [From rice to palm oil, Asian crops output forecast lower as El Nino strengthens](https://feedsoft.ai/events/34470-from-rice-to-palm-oil-asian-crops-output-forecast-lower-as-el-nino-strengthens.md) | +0.6% | -3.1% |
| PALMOIL | 2022-10-21 | [Palm oil prices seen ticking up as rains slash output and demand strengthens \| Reuters](https://feedsoft.ai/events/15781-palm-oil-prices-seen-ticking-up-as-rains-slash-output-and-demand-strengthens.md) | +0.3% | +6.3% |
| PALMOIL | 2026-10-01 | [El Niño Set to Crimp Palm Oil Output in 2027, Squeezing Supply](https://feedsoft.ai/events/17546-el-nino-set-to-crimp-palm-oil-output-in-2027-squeezing-supply.md) | -5.8% | -3.8% |
| PALMOIL | 2026-08-28 | [El Niño to crimp Indonesian palm oil output, producer group says](https://feedsoft.ai/events/18012-el-nino-to-crimp-indonesian-palm-oil-output-producer-group-says.md) | +4.5% | +1.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/asian-farmers-plant-boost-palm-oil-output-seedling-shortage-slows-pace-2022-09-18/

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