According to the monitoring data of SunSirs, on August 19, the domestic palm oil market plummeted, and the mainstream price fell to 9,700 RMB/ ton, with a daily drop of more than 3%. Since the middle of August, the supply pressure of Malaysian palm oil has increased, the output and inventory have increased month on month, and the market of Malaysian palm oil in the outer market has been declining. The spot price of domestic palm oil futures was lower. Future market forecast: the market is dominated by bad news, and China domestic palm oil market will continue to decline in the short term.

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