National Grain and Material Reserve Data Center News: It is expected that palm oil prices will have a strong trend in the near future.

Main reason: Firstly, the recent high international soybean oil prices have highlighted the cost-effectiveness of palm oil, and India's import demand may shift towards palm oil.

Secondly, the fundamentals of palm oil in Malaysia continue to improve, with a high probability of inventory decline at the end of the month. In addition, there are many holidays in Malaysia in February, and it is expected that palm oil production will continue to decrease.

Thirdly, the market is optimistic about the policy of Meishengchai, and relevant news before the policy is implemented will continue to boost market sentiment.

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