# Palm ends two-day decline as floods raise supply worries - Markets - Business Recorder

> Malaysian palm oil futures rose 1.9% on Thursday to close at 3,283 ringgit a tonne, recovering from a near two-and-a-half-month low. Floods and heavy rain in Malaysia and Indonesia are delaying harvests and crop evacuation. A Reuters poll sees 2021 output rising 1.8% in Indonesia and 2.4% in Malaysia, with 2021 prices averaging 2,800 ringgit a tonne.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/49236-palm-ends-two-day-decline-as-floods-raise-supply-worries-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Flood-related harvest delays tighten near-term supply and support prices, though analysts expect production to recover in the second half of the year, limiting the upside.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-10-23 | [Palm oil flat, logs 2pc weekly rise on supply worries - Markets - Business Recorder](https://feedsoft.ai/events/50739-palm-oil-flat-logs-2pc-weekly-rise-on-supply-worries-markets-business-recorder.md) | +0.7% | +14.3% |
| PALMOIL | 2023-06-02 | [Palm ends 3% higher on stronger rivals, El Nino worries - Markets - Business Recorder](https://feedsoft.ai/events/7324-palm-ends-3-higher-on-stronger-rivals-el-nino-worries-markets-business-recorder.md) | -0.1% | +7.1% |
| PALMOIL | 2026-10-13 | [Palm climbs to two-week high as El Niño supply fears outweigh stocks - Markets - Business Recorder](https://feedsoft.ai/events/530-palm-climbs-to-two-week-high-as-el-nino-supply-fears-outweigh-stocks-markets.md) | -0.2% | — |
| PALMOIL | 2023-03-02 | [Palm ends at highest since Nov on flooding woes, weaker ringgit - Markets - Business Recorder](https://feedsoft.ai/events/36952-palm-ends-at-highest-since-nov-on-flooding-woes-weaker-ringgit-markets-business.md) | -0.0% | -5.3% |
| PALMOIL | 2024-04-03 | [Palm extends gains on supply shortage ahead of Eid holiday - Markets - Business Recorder](https://feedsoft.ai/events/30837-palm-extends-gains-on-supply-shortage-ahead-of-eid-holiday-markets-business.md) | +0.5% | -4.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40054473

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