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Palm oil industry analysts at an S&P Global Platts event said supply may not ease before Q1 2022 because of a labor shortage of about 70,000 workers in Malaysia. Malaysian output for the current year is estimated at 18.3 million mt versus 19.2 million mt in 2020, and plantation land has been lost to urbanization.
Tight Malaysian palm supply sustains higher vegetable oil prices into 2022, supporting soybean oil and related feed-fat values. Buyers should expect firm edible oil costs until labor constraints ease.
ukragroconsult.comNov 19, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
