手机浏览
State Administration of Grain: Domestic Palm Oil Stocks Expected to Remain Low in the Fourth Quarte
Release time:
2024-10-28 11:00
Source:
China National Grain and Oils Information Center, October 25th news:
First, the international palm oil prices may continue to be strong. October will start Southeast Asian palm oil will enter the production period, palm oil stocks will gradually fall, coupled with Indonesia plans to promote B50 biodiesel policy, the future of palm oil exports may be significantly reduced, the frequency of geopolitical conflicts to promote the price of crude oil, etc., are to support the rise in international palm oil prices.
Secondly, domestic soybean oil, vegetable oil inventory supply is abundant, will restrict the domestic palm oil prices to follow the extent. At present, the domestic three major oil inventories are still at more than 2 million tons, the future imports of soybean, rapeseed, rapeseed oil is still more, the short term domestic oil supply is relatively loose. Currently palm oil prices have exceeded soybean oil nearly 1,000 yuan / ton, basically the same as vegetable oil, domestic palm oil consumption has been significantly compressed, in addition to a number of food enterprises just need to purchase, blending oil and other oils and fats are soybean oil and other alternatives, will limit the domestic palm oil prices.
Overall, in the domestic palm oil prices rose weaker than the international situation, it is expected that the phenomenon of inverted import profits will continue, the fourth quarter of domestic palm oil stocks will remain low.
Related News
Russian farmers have threshed nearly 13.3 million tons of sunflower seeds
The gross sunflower harvest by the end of the second ten-day period in October was approximately 13.3 million tons, having threshed 8.8 million hectares (72% of the total area). This is 1.3 million tons less than the previous year, according to the RUSEED analytical center.
The Ministry of Agriculture expects Russia to "touch" the record for oilseed harvests in 2025
Russia may reap a record harvest of oilseed crops this year, the Ministry of Agriculture predicts.
Russia's oilseed harvest could reach 34.5 million tons in 2025
Russia's oilseed harvest in 2025 could reach 34.5 million tons, up 14% from last year, according to Forbes, citing Margarita Svischeva, head of the RUSEED analytical center.
Russian coal production rose 0.1% year-on-year in the first three quarters of 2025
According to the latest preliminary monthly industrial production statistics released by the Russian Federal State Statistics Service (Poccrara) on October 22, Russia's total coal production from January to September 2025 reached 314 million tons, basically flat with a slight increase of 0.1% compared to the same period last year.
This year's rapeseed production in the Trans-Baikal region is a quarter higher than last year's
Harvesting continues in the Trans-Baikal Territory. This year, yields of both cereals and oilseeds in the region are above 2024 levels. Rapeseed yields have increased by a quarter, according to the regional government website.
According to the Russian Agricultural Research Center (RUSEED) Analytical Center, Russia has already planted approximately 70% of its winter crop plan for the 2026 harvest. The total area is projected at 19.8 million hectares.