# Palm Oil Bulls to Roar Into 2022 on Labor Crunch, La Nina Deluge - Bloomberg

> Bloomberg reports palm oil prices are likely to stay firm into early 2022. A chronic labor shortage in Malaysia and heavier-than-usual rains in key growing areas are disrupting palm oil output.

- Date: 2021-12-29 · published 2021-12-29T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/43692-palm-oil-bulls-to-roar-into-2022-on-labor-crunch-la-nina-deluge-bloomberg
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower output from the world's most-consumed edible oil tightens vegetable oil supplies, supporting palm oil prices and competing oils such as soybean oil and, by extension, feed-related meals.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-06 | [La Nina heavy rainfall to lift palm oil prices \| Borneo Post Online](https://feedsoft.ai/events/67566-la-nina-heavy-rainfall-to-lift-palm-oil-prices-borneo-post-online.md) | -3.6% | +1.5% |
| PALMOIL | 2021-01-19 | [Palm Output Hit by Double Whammy of Floods and Scarce Labor - Bloomberg](https://feedsoft.ai/events/49234-palm-output-hit-by-double-whammy-of-floods-and-scarce-labor-bloomberg.md) | -0.9% | -0.9% |
| 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 | 2026-04-29 | [Indonesia 2026 crude palm oil output to fall due to El Nino, high fertiliser prices, association says \| The Star](https://feedsoft.ai/events/19818-indonesia-2026-crude-palm-oil-output-to-fall-due-to-el-nino-high-fertiliser.md) | +2.8% | -1.1% |
| PALMOIL | 2017-10-25 | [Strong La Nina will have significant impact on palm oil production \| Borneo Post Online](https://feedsoft.ai/events/68565-strong-la-nina-will-have-significant-impact-on-palm-oil-production-borneo-post.md) | +0.3% | +0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-12-29/palm-oil-bulls-to-roar-into-2022-on-labor-crunch-la-nina-deluge

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