ASSESSING 2022: MANAGING OPPORTUNITIES AND RISKS:
Palm and Laurics Market Outlook 2022
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
Absence of sunflower oil supplies from the Black Sea, tight palm oil supply situation in Malaysia, export curbs in Indonesia, dry weather in southern Brazil and soaring crude oil prices from sanctions on Russia have all combined to push palm price sharply and erratically higher in a short space of a time. Are these prices sustainable? Palm prices gained strength day by day notching triple digit rise to set multiple record highs while the premium between spot to forward months widened sharply implying very tight nearby supply. What can interrupt the price rally and for how long supply deficit keep prices energised. This presentation will look at the main factors driving palm and laurics oil prices and offer an outlook on pricing direction for the rest of the year.
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