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State Administration of Grain: domestic palm oil prices are expected to follow the high level of oscillation
Release time:
2024-12-14 00:00
Source:
National Grain and Oil Information Center, December 5 news: China's palm oil prices are mainly affected by the cost of international palm oil imports and domestic palm oil and alternative oil supply and demand situation. Internationally, the recent flooding in Southeast Asia, palm oil production decline, coupled with the 2025 Indonesia plans to implement the B40 firewood policy, the future supply of palm oil is tightening, will continue to support palm oil prices. Domestically, in the first quarter of next year, China's imported palm oil profits are still upside down, palm oil low inventory phenomenon will continue, continue to support domestic palm oil prices. It is expected that subsequent domestic palm oil prices are still strong, but the high price of consumption inhibition is obvious, palm oil prices in December will remain high shock
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