# Palm oil imports to dip in 2021-22 on lower Malaysia exports, converging vegoil prices: US FAS

> The US FAS cut its 2021-22 Malaysian palm oil export forecast to 16.22 million tonnes from 17.22 million, citing lower output. It also said palm's discount to soybean oil has nearly disappeared, falling to 2% against a 10-year average of 12%.

- Date: 2022-01-12 · published 2022-01-12T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/43229-palm-oil-imports-to-dip-in-2021-22-on-lower-malaysia-exports-converging-vegoil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Reduced Malaysian exports tighten global vegoil supply and are expected to keep palm prices elevated, with importers such as India, China and the EU possibly cutting purchases.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-12-12 | [Malaysia’s November palm oil stocks dip amid drops in exports - Fastmarkets](https://feedsoft.ai/events/32803-malaysia-s-november-palm-oil-stocks-dip-amid-drops-in-exports-fastmarkets.md) | -0.5% | -0.3% |
| PALMOIL | 2024-11-05 | [Malaysia’s end-October palm oil stocks fall on lower output, higher exports](https://feedsoft.ai/events/8039-malaysia-s-end-october-palm-oil-stocks-fall-on-lower-output-higher-exports.md) | +4.0% | +0.3% |
| PALMOIL | 2021-12-15 | [Palm oil falls 1% MoM on lower production, expected to improve in 2022 15.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/15860-palm-oil-falls-1-mom-on-lower-production-expected-to-improve-in-2022-15-12-2021.md) | -1.1% | +8.2% |
| PALMOIL | 2021-01-05 | [Malaysian palm oil stocks forecast lower, keeping prices high in 2021 - Markets - Business Recorder](https://feedsoft.ai/events/4995-malaysian-palm-oil-stocks-forecast-lower-keeping-prices-high-in-2021-markets.md) | +1.3% | -10.0% |
| PALMOIL | 2019-11-01 | [Malaysian palm oil production to drop slightly in 2020, pushing the price upward, says expert \| Malay Mail](https://feedsoft.ai/events/4290-malaysian-palm-oil-production-to-drop-slightly-in-2020-pushing-the-price-upward.md) | +12.8% | +16.7% |
| SBO | 2019-11-01 | [Malaysian palm oil production to drop slightly in 2020, pushing the price upward, says expert \| Malay Mail](https://feedsoft.ai/events/4290-malaysian-palm-oil-production-to-drop-slightly-in-2020-pushing-the-price-upward.md) | +2.2% | -1.1% |
| SBO | 2023-02-05 | [Indonesia’s crude palm oil exports to drop further as more palm oil goes to biodiesel - Opinion](https://feedsoft.ai/events/15758-indonesia-s-crude-palm-oil-exports-to-drop-further-as-more-palm-oil-goes-to.md) | -1.5% | -0.6% |
| SBO | 2024-01-16 | [Indonesia’s 2024 palm oil exports seen down 4% on year – statement](https://feedsoft.ai/events/15677-indonesia-s-2024-palm-oil-exports-seen-down-4-on-year-statement.md) | -0.6% | -1.7% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/011222-palm-oil-imports-to-dip-in-2021-22-on-lower-malaysia-exports-converging-vegoil-prices-us-fas

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