According to the Commodity Market Analysis System of SunSirs, the domestic palm oil market has been fluctuating downward since November 1st. On November 1st, the average market price of palm oil was 8,818 RMB/ton, and on November 24th, the average market price of palm oil was 8,562 RMB/ton, a decrease of 2.9% in price.

Since November, the Malaysian palm oil market has experienced mixed ups and downs in the external market. Among them, Malaysia's palm oil production is expected to increase, with South Malaysia's palm oil production increasing by 5.55% month on month from October 1st to 31st. Malaysia's palm oil exports are strong, with mixed long and short positions in the external market. The domestic palm oil futures market oscillates downward, while the spot market rises and falls, resulting in an overall weak operation. As of November 15th, the average price of palm oil in the market was 8,690 RMB/ton, a decrease of 100 RMB/ton.

After mid month, Malaysia's palm oil exports declined. According to data, from November 1st to 20th, Malaysia's palm oil exports decreased by 14.1% to 20.5% month on month. The overseas palm oil market has declined, while the domestic palm oil market has shown weak rebound, with weak declines being the main trend. As of November 24th, the average price of palm oil in the market has dropped to 8,562 RMB/ton, a decrease of over 200 RMB/ton compared to the beginning of the month.

The palm oil analyst from SunSirs believes that in December, Malaysian palm oil is still in a production increase cycle, dominated by negative factors, and the palm oil market is under pressure to rise in the future.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.