Palm oil bulls to roar into 2022 on labour crunch, La Nina deluge

Palm oil bulls will likely hold sway into early 2022

SINGAPORE: Palm oil bulls will likely hold sway into early 2022 as a chronic worker shortage in No. 2 grower Malaysia and heavier rains than usual in key growing areas disrupt production of the world’s most-consumed edible oil.

That could keep prices elevated after a record year in 2021 when benchmark futures rocketed to an all-time closing high of RM5,071 a tonne.