# Palm oil production expected to return in earnest next year: OCBC

> OCBC Treasury Research expects crude palm oil production to recover in 2022 in Malaysia and Indonesia, with palm stocks returning above two million tonnes by Q3 2022. It forecasts palm oil at RM4,750 per tonne and sees soybean prices and crude oil moving higher.

- Date: 2021-12-20 · published 2021-12-20T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/43694-palm-oil-production-expected-to-return-in-earnest-next-year-ocbc
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A production recovery would ease palm supply, but OCBC expects prices to stay supported through the first half, while firmer soybean and crude oil prices lift the wider oilseed complex.

## Read by commodity

- SOY: bullish ▲
- BRENT: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-06-01 | [Palm Oil Production, Exports and Consumption Up](https://feedsoft.ai/events/30355-palm-oil-production-exports-and-consumption-up.md) | +2.4% | +2.1% |
| PALMOIL | 2025-12-24 | [Palm Oil Magazine - Palm Oil Production and Exports Strengthen in October 2025, Biodiesel Fuels Domestic Demand - Palm Oil Magazine](https://feedsoft.ai/events/15511-palm-oil-magazine-palm-oil-production-and-exports-strengthen-in-october-2025.md) | +0.2% | +2.4% |
| PALMOIL | 2022-01-26 | [Palm oil Export Projected To Reach At Least US$34b In 2022 - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15854-palm-oil-export-projected-to-reach-at-least-us-34b-in-2022-gabungan-pengusaha.md) | +7.2% | +10.7% |
| PALMOIL | 2021-04-14 | [Palm unchanged on anticipation of higher production and exports - Markets - Business Recorder](https://feedsoft.ai/events/47469-palm-unchanged-on-anticipation-of-higher-production-and-exports-markets.md) | +3.9% | +15.3% |
| PALMOIL | 2024-04-12 | [USDA increased the estimate of world production of vegetable oils](https://feedsoft.ai/events/30861-usda-increased-the-estimate-of-world-production-of-vegetable-oils.md) | -3.8% | -10.4% |
| SOY | 2026-02-19 | [Soybean Oil Used for Biofuel Production Expected to Soar](https://feedsoft.ai/events/15047-soybean-oil-used-for-biofuel-production-expected-to-soar.md) | +1.3% | +2.5% |
| SOY | 2025-08-12 | [USDA Ups 2025 Corn Production More Than Expected in Latest Crop Production Report](https://feedsoft.ai/events/23262-usda-ups-2025-corn-production-more-than-expected-in-latest-crop-production.md) | +3.2% | +2.2% |
| SOY | 2023-10-12 | [WASDE Reduces Corn and Soy Production More Than Expected](https://feedsoft.ai/events/33584-wasde-reduces-corn-and-soy-production-more-than-expected.md) | +4.7% | +7.7% |

## Sources

- thesun.my: https://thesun.my/news/palm-oil-production-expected-to-return-in-earnest-next-year-ocbc-eh8678262/

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