# RHB: Underweight On Plantation Stocks

> RHB maintains an underweight call on plantation stocks, expecting palm oil prices to moderate in 2022 as supply and demand improve. It flags a La Niña risk in 4Q21 and 1Q22 that could keep prices higher for longer. Malaysian production was down 9% year-on-year through September.

- Date: 2021-11-05 · published 2021-11-05T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/9234-rhb-underweight-on-plantation-stocks
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast of easing vegetable oil fundamentals in 2022 points to lower palm oil prices, although La Niña weather risk could delay that correction.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-07-11 | [RHB Indonesia - Sector Update: Plantation - Cautious Mode On
        \| 
        RHB TradeSmart ID Blog](https://feedsoft.ai/events/69839-rhb-indonesia-sector-update-plantation-cautious-mode-on-rhb-tradesmart-id-blog.md) | -1.2% | +0.6% |
| PALMOIL | 2018-12-10 | [Regional Plantations - Maybank Kim Eng 2018-12-10: Stockpile At New Record High Of 3-Mil MT \| SG Investors.io](https://feedsoft.ai/events/61661-regional-plantations-maybank-kim-eng-2018-12-10-stockpile-at-new-record-high-of.md) | +2.0% | +10.1% |
| PALMOIL | 2022-06-10 | [Malaysia's palm oil stocks above expectations on higher-than-projected output in May \| S&P Global](https://feedsoft.ai/events/15815-malaysia-s-palm-oil-stocks-above-expectations-on-higher-than-projected-output.md) | -6.3% | -32.4% |
| PALMOIL | 2023-09-11 | [Palm down on rising stocks, falling exports - Markets - Business Recorder](https://feedsoft.ai/events/34221-palm-down-on-rising-stocks-falling-exports-markets-business-recorder.md) | -1.3% | -7.2% |
| PALMOIL | 2021-02-18 | [Malaysia's Sime Darby Plantation eyes palm oil output recovery, high prices - The Business Times](https://feedsoft.ai/events/48726-malaysia-s-sime-darby-plantation-eyes-palm-oil-output-recovery-high-prices-the.md) | -0.4% | +8.5% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2021/11/05/rhb-underweight-on-plantation-stocks/

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