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The Council of Palm Oil Producing Countries expects palm prices to stay strong in 2022 because output will be constrained by high fertiliser costs and labour shortages. Yields have already been sluggish after farmers cut fertiliser use in 2018 and 2019.
Expected constraints on production through fertiliser costs and labour shortages support a firm price outlook for palm oil in the coming year.
thestar.com.myMei Mei Chu (ReutersJan 2, 2022After 38 past bullish macro events, Palm Oil moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +3.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
