Malaysia is a major grower of oil palms, accounting for a quarter of the world's palm oil production in 2020. – The Malaysian Insight file pic, June 14, 2022.In a research note today, the investment bank said the projection is based on the lifting of Indonesia’s export ban at the end of May, which in turn, is likely to result in a pick-up in Malaysian Palm Oil Board’s inventory in June.
“Barring any unexpected weather anomaly, we anticipate rising global supplies of oilseeds and CPO in the second half of 2022 to pressure CPO price on the downside,” the note said.
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