# Tight supply to boost palm oil prices despite virus fear: Oil World | Daily FT

> Oil World expects global palm oil output to fall by about 1 million tonnes in the 2019/2020 season, creating a second successive annual deficit. The analyst firm says current price falls reflect sentiment rather than fundamentals, and that China's rising edible oil imports and Indonesia's biofuel programme support demand.

- Date: 2020-02-03 · published 2020-02-03T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4956-tight-supply-to-boost-palm-oil-prices-despite-virus-fear-oil-world-daily-ft
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Falling output and unusually small year-end stocks tighten supply, supporting higher palm oil prices. The forecast of an average around $800 per tonne for January-June implies a firmer price trend.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-01-11 | [Tight palm oil supplies to support prices in 2024: MPOB \| S&P Global](https://feedsoft.ai/events/32228-tight-palm-oil-supplies-to-support-prices-in-2024-mpob-s-and-p-global.md) | +1.5% | +0.2% |
| PALMOIL | 2024-06-14 | [Palm oil prices to find support at RM3,900 a tonne in June on tight supply, upsurge in exports](https://feedsoft.ai/events/29872-palm-oil-prices-to-find-support-at-rm3-900-a-tonne-in-june-on-tight-supply.md) | -0.4% | +0.2% |
| PALMOIL | 2024-04-29 | [World Bank Predicts Palm Oil Prices to Strengthen in 2024](https://feedsoft.ai/events/30835-world-bank-predicts-palm-oil-prices-to-strengthen-in-2024.md) | -6.1% | -5.0% |
| PALMOIL | 2023-03-27 | [Malaysia: Boost in demand for palm oil seen on supply recovery](https://feedsoft.ai/events/36955-malaysia-boost-in-demand-for-palm-oil-seen-on-supply-recovery.md) | +1.1% | -1.9% |
| PALMOIL | 2021-04-29 | [Wilmar sees high commodity prices boosting its palm oil business](https://feedsoft.ai/events/47700-wilmar-sees-high-commodity-prices-boosting-its-palm-oil-business.md) | +3.3% | +9.2% |

## Sources

- ft.lk: https://www.ft.lk/agriculture/Tight-supply-to-boost-palm-oil-prices-despite-virus-fear-Oil-World/31-694910
- ft.lk: https://www.ft.lk/Agriculture/Tight-supply-to-boost-palm-oil-prices-despite-virus-fear-Oil-World/31-694910

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