# Malaysian palm oil prices continue to increase amid tight supplies and low production

> Malaysian RBD palm oil export prices hit a record above $1,300/MT FOB in October 2021, up 75% year on year. The rally is attributed to COVID-related labor shortages reducing harvests, tight global vegetable oil supplies and higher crude prices.

- Date: 2021-11-15 · published 2021-11-15T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/44158-malaysian-palm-oil-prices-continue-to-increase-amid-tight-supplies-and-low
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Record palm prices reflect a structural supply shortfall that keeps vegetable oil and feed-fat costs elevated. Expected 2021/22 production gains may eventually ease prices, but not immediately.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- tridge.com: https://www.tridge.com/stories/malaysia-crude-palm-oil-prices-continue-to-increase-amid-tight-supplies-and-low-production

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