# CPO Outlook For Rest Of 2021

> Malaysian benchmark crude palm oil spot prices rose quickly to about USD1,100/tonne in July 2021 after falling below USD900/t in June. Prices have stayed near that level. The move was attributed mainly to a sustained labour shortage and weak output in Malaysia.

- Date: 2021-09-26 · published 2021-09-26T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/45167-cpo-outlook-for-rest-of-2021
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weak output and labour shortages keep palm oil supply tight, supporting vegetable oil and palm-based feed ingredient prices. Buyers should expect firm pricing while output remains constrained.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2021/09/26/cpo-outlook-for-rest-of-2021/

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