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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 ton.  Although Malaysia is trying to expedite the arrival of much-needed foreign workers for its plantations, the spread of Omicron may scupper those plans, constrain harvesting and keep supplies tight.  In the first quarter, there may be attempts to reach new highs around RM5,200 and beyond, as supply tightness persists at a time of low seasonal production and festive demand for Lunar New Year, said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental in Mumbai. “But in subsequent quarters, prices will be pressured by good supplies and could decline to RM3,975 or even l

Kuala lumpurPort klangUnited statesGnanasekar thiagarajanParamalingam supramaniamPelindung bestariSathia varqaTogar sitanggangIndonesia oil palm plantations fund management agencyIndonesian palm oil associationAsean plantation research leow huey chuenEuropean unionPalm oil analyticsLunar new yearKaleesuwari intercontinentalSouth america