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Global vegetable oil supplies have tightened over the last couple of years, and palm oil has seen the largest price impact. Palm output is expected to rebound in 2022, but prices are forecast to stay elevated as demand grows.
Persistent demand growth outpacing supply supports elevated vegoil prices, which feeds into higher costs for oil-based feed ingredients. Expected production recovery limits upside but not the price floor.
thestar.com.myKaren BraunFeb 1, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
