# Malaysia's Sime Darby Plantation eyes palm oil output recovery, high prices - The Business Times

> Sime Darby Plantation, the world's largest palm oil planter, forecast Malaysian and Indonesian crude palm oil output would recover in 2021 from 2020 declines. It projected average prices of RM3,100 a tonne in the first half and RM3,000 in the second half.

- Date: 2021-02-18 · published 2021-02-18T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/48726-malaysia-s-sime-darby-plantation-eyes-palm-oil-output-recovery-high-prices-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected output recovery and lower forecast prices suggest easing palm oil supply tightness later in 2021, a modestly bearish signal for vegetable oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-10-04 | [Malaysia palm oil stocks seen rising to 19-month high - The Business Times](https://feedsoft.ai/events/5638-malaysia-palm-oil-stocks-seen-rising-to-19-month-high-the-business-times.md) | +0.9% | +2.8% |
| PALMOIL | 2026-10-05 | [Malaysian palm oil stockpiles hit record amid output surge \| The Straits Times](https://feedsoft.ai/events/17177-malaysian-palm-oil-stockpiles-hit-record-amid-output-surge-the-straits-times.md) | +1.3% | +2.1% |
| PALMOIL | 2019-04-29 | [Malaysian palm oil output likely to be higher in 2019  - The HinduBusinessLine](https://feedsoft.ai/events/6147-malaysian-palm-oil-output-likely-to-be-higher-in-2019-the-hindubusinessline.md) | -7.8% | -7.9% |
| PALMOIL | 2022-06-10 | [Malaysia's palm oil stocks above expectations on higher-than-projected output in May \| S&P Global](https://feedsoft.ai/events/15815-malaysia-s-palm-oil-stocks-above-expectations-on-higher-than-projected-output.md) | -6.3% | -32.4% |
| PALMOIL | 2023-07-13 | [Palm oil falls over 2% on higher global edible oils output forecast - Markets - Business Recorder](https://feedsoft.ai/events/35140-palm-oil-falls-over-2-on-higher-global-edible-oils-output-forecast-markets.md) | +0.8% | -1.4% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/malaysias-sime-darby-plantation-eyes-palm-oil-output-recovery-high-prices1

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