On May 9th, the National Grain and Oil Information Center reported that in terms of supply, the increase in palm oil production in Southeast Asia was relatively smooth in May, and it is likely to continue to increase production in the second and third quarters, with sufficient supply. In terms of demand, the implementation of Indonesia's B40 raw wood policy from January to April fell far short of expectations, and there is still significant resistance to increasing the blending rate of raw wood in the future. The growth rate of industrial consumption for the whole year will be lower than expected at the beginning of the year.

Recently, the sharp decline in palm oil prices has led to an increase in exports. It is expected that major importing countries such as India and China will purchase at low prices in May and June, which will constrain the further downward space of palm oil prices. Overall, under the situation of increased production, the rise in palm oil prices is weak, but the improvement in exports will provide bottom support for prices. It is expected that international and domestic palm oil prices will fluctuate weakly in May.

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