# Agri-commodity prices to ease as growth slows, but upward pressure remains amid macro woes - The Business Times

> Analysts expect agricultural commodity price increases to slow in 2023 because of a higher base effect and a slowing global economy. They still expect prices to stay high by historical standards due to macroeconomic uncertainty. The article recalls that the Russia-Ukraine war, strong demand and weather-related supply tightness pushed several agri-commodities to multi-year highs in 2022.

- Date: 2023-01-04 · published 2023-01-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9248-agri-commodity-prices-to-ease-as-growth-slows-but-upward-pressure-remains-amid
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A slower pace of price gains reduces cost pressure on feed buyers in 2023, though elevated price levels and macro uncertainty keep input costs high.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-10-03 | [Indonesian rupiah falls to record low amid rising pressures \| The Straits Times](https://feedsoft.ai/events/62836-indonesian-rupiah-falls-to-record-low-amid-rising-pressures-the-straits-times.md) | +1.6% | +1.4% |
| PALMOIL | 2023-01-19 | [Malaysia growth will be key for ringgit this year: Trade Minister - The Business Times](https://feedsoft.ai/events/38046-malaysia-growth-will-be-key-for-ringgit-this-year-trade-minister-the-business.md) | -0.3% | -0.1% |
| PALMOIL | 2017-06-07 | [Malaysian ringgit to rally to eight-month high, top banker says - The Business Times](https://feedsoft.ai/events/70761-malaysian-ringgit-to-rally-to-eight-month-high-top-banker-says-the-business.md) | -2.0% | +0.6% |
| PALMOIL | 2022-02-18 | [Ringgit opens higher against US dollar on steady commodity prices](https://feedsoft.ai/events/42965-ringgit-opens-higher-against-us-dollar-on-steady-commodity-prices.md) | +2.8% | +10.5% |
| PALMOIL | 2024-12-23 | [Navigating The Volatility Of The Malaysian Ringgit Amid US Fed Policies - BusinessToday](https://feedsoft.ai/events/27224-navigating-the-volatility-of-the-malaysian-ringgit-amid-us-fed-policies.md) | +1.0% | -9.9% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/agri-commodity-prices-ease-growth-slows-upward-pressure

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