# Moody’s revises upward 2022 CPO price sensitivity range to RM2,800-RM3,200 per tonne

> Moody's raised its 2022 crude palm oil price sensitivity range to RM2,800-RM3,200 per tonne from RM2,200-RM2,600. The agency cited supply disruptions, low Malaysian and Indonesian inventories, and strong competing oil prices.

- Date: 2021-11-02 · published 2021-11-02T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/9233-moody-s-revises-upward-2022-cpo-price-sensitivity-range-to-rm2-800-rm3-200-per
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expectations of tight supply and elevated prices through 2022 support palm and soyoil values, which raises the cost of vegetable oil inputs for feed.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-08-27 | [Moody's lifts CPO range to RM3,800-RM4,200 per tonne on stronger demand \| The Star](https://feedsoft.ai/events/23424-moody-s-lifts-cpo-range-to-rm3-800-rm4-200-per-tonne-on-stronger-demand-the-star.md) | +1.1% | +0.8% |
| PALMOIL | 2017-09-24 | [RAM Ratings revises average CPO price forecast upwards \| Borneo Post Online](https://feedsoft.ai/events/68830-ram-ratings-revises-average-cpo-price-forecast-upwards-borneo-post-online.md) | -0.3% | -2.4% |
| PALMOIL | 2021-04-29 | [Fitch Revises 2021 Palm Oil Price Upwards But Bearish On 2022 Outlook](https://feedsoft.ai/events/47699-fitch-revises-2021-palm-oil-price-upwards-but-bearish-on-2022-outlook.md) | +3.3% | +9.2% |
| PALMOIL | 2026-06-30 | [CPO prices seen holding above RM4,000 a tonne: MPOB](https://feedsoft.ai/events/18905-cpo-prices-seen-holding-above-rm4-000-a-tonne-mpob.md) | -0.5% | +0.3% |
| PALMOIL | 2023-07-27 | [UOB Kay Hian raises CPO forecast to RM4,200 per tonne in 2024 on tight supplies from Malaysia, Indonesia](https://feedsoft.ai/events/35139-uob-kay-hian-raises-cpo-forecast-to-rm4-200-per-tonne-in-2024-on-tight-supplies.md) | +0.3% | -3.9% |
| SBO | 2021-04-29 | [Fitch Revises 2021 Palm Oil Price Upwards But Bearish On 2022 Outlook](https://feedsoft.ai/events/47699-fitch-revises-2021-palm-oil-price-upwards-but-bearish-on-2022-outlook.md) | -0.6% | +0.8% |
| SBO | 2023-07-27 | [UOB Kay Hian raises CPO forecast to RM4,200 per tonne in 2024 on tight supplies from Malaysia, Indonesia](https://feedsoft.ai/events/35139-uob-kay-hian-raises-cpo-forecast-to-rm4-200-per-tonne-in-2024-on-tight-supplies.md) | -6.8% | -8.6% |
| SBO | 2020-06-06 | [Food prices have risen to their highest level since 2022 - Agrobitė](https://feedsoft.ai/events/52682-food-prices-have-risen-to-their-highest-level-since-2022-agrobite.md) | -2.3% | +1.0% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2021/11/02/moodys-revises-upward-2022-cpo-price-sensitivity-range-to-rm2800-rm3200-per-tonne/

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