According to the National Grain and Material Reserve Data Center, Indonesia has announced that it is expected to sign a trade agreement with the United States by the end of January, in which palm oil tariffs can be exempted, which is beneficial for the export of palm oil from production areas. The second is that the first quarter is usually a seasonal trough in palm oil production, and February will usher in the Spring Festival and Ramadan, with palm oil demand expected to rebound. Thirdly, the US Environmental Protection Agency is expected to release the final rules for renewable fuel standards in the first quarter, which may boost the oil and fat market.

The article content shows that the exemption of palm oil tariffs in the trade agreement between Indonesia and the United States will directly promote the export of origin, increase international market supply and demand, and support spot prices. At the same time, the first quarter is a seasonal trough in palm oil production, coupled with the peak consumption season of Spring Festival and Ramadan in February, and demand is expected to significantly rebound, further pushing up prices. In addition, the US Environmental Protection Agency expects to release the final rules for renewable fuel standards in the first quarter, which may boost overall demand in the oil and fat market, and palm oil as a biofuel raw material will benefit. Taking all these factors into account, it is expected that the spot price of palm oil will be significantly favorable, and the price is expected to show a significant upward trend.

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