# Palm Oil Market Is Looking Like a Hands-Down Winner

> Labor shortages linked to the coronavirus pandemic have reduced palm oil output in Malaysia and Indonesia, which together supply about 84% of world palm oil. Major buyers China and India are increasing purchases for cooking and manufacturing. Malaysian stockpiles are at their lowest in years.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/49235-palm-oil-market-is-looking-like-a-hands-down-winner
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight stocks combined with strong import demand from China and India point to firmer palm oil prices and support for competing vegetable oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- wsj.com: https://www.wsj.com/articles/palm-oil-is-looking-like-a-hands-down-winner-11611225004?reflink=e2twmkts

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