# Palm oil industry experts forecast tight stock situation, higher prices to run into 2022 19.11.2021 - UkrAgroConsult

> 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.

- Date: 2021-11-19 · published 2021-11-19T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/44156-palm-oil-industry-experts-forecast-tight-stock-situation-higher-prices-to-run
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/palm-oil-industry-experts-forecast-tight-stock-situation-higher-prices-to-run-into-2022/

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