# Palm oil prices set for new record highs in coming months -analyst Fry

> Analyst James Fry said Malaysian crude palm oil could reach a record 8,100 ringgit ($1,938) per tonne in coming months. He cited a drop in global edible oil stocks and a decline in export surpluses, including the effect of the war in Ukraine. He expects prices to ease to 6,200-7,000 ringgit in the third and fourth quarters as supply builds.

- Date: 2022-03-09 · published 2022-03-09T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42375-palm-oil-prices-set-for-new-record-highs-in-coming-months-analyst-fry
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast of tightening stocks and record prices points to firmer palm oil values into mid-year, which raises feed costs for buyers using palm-based fats. The outlook is a forecast rather than a new supply shock.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/palm-oil-prices-set-new-record-highs-coming-months-analyst-fry-2022-03-09/

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