Section 1: Price Direction:
Palm Oil: Challenges, Possibilities and Price Direction 2021
Dr. Sathia Varqa
Dr. Sathia Varqa is the owner and co-founder of Palm Oil Analytics (POA), an online publisher of palm oil daily news, price, data and analysis based in Singapore, serving global commodity markets.
POA publishes two daily reports a day covering price assessments analysis of key data and market commentary.
Sathia previously worked for S&P Global Platts, a division of S&P Global (previously McGraw-Hill Finance) based in Singapore.
He holds a BA (Business Studies), Master degree in International Trade (Distinction) and a PhD in political economy from The Robert Gordon University, Aberdeen, Scotland, UK
Can the recent rise in CPO futures to 13-year high be sustained? Palm prices rallied at the back of rise in global veg oil complex underpinned by supply shortage mainly caused by lagged impact of adverse weather in major producing countries. Global veg oil prices notched multi-year high levels in the first quarter tracking the boom in general commodity prices spurred by massive fiscal stimulus injection globally to help propel economic growth back to pre-Covid-19 levels. Can demand for palm and laurics rise on this wave of aggregate demand, particularly when stocks are at historic low and prices are at a decade high? This paper looks at some of the key considerations for the palm sector in 2021 and the price outlook for the rest of the year.
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