Palm oil proves durability: post-pandemic outlook remains bright

ABSTRACT

This article looks at the impact of the COVID-19 pandemic on the global palm oil market as well as the post-pandemic outlook for the market. It is indicated that, in the long-term, the post-pandemic outlook for the palm oil industry remains bright. Since the last quarter of 2019, palm oil supply and demand are back in balance, while stocks are declining. Prices have been relatively high for most of 2020 and 2021. Also discussed are the proven benefits of palm oil and the opportunity of the palm oil sector to achieve UN goals.