According to a report from the National Data Center for Grain and Materials Reserve dated April 16: In the short term, uncertainties persist regarding negotiations between the United States and Iran, and crude oil price trends remain the primary factor influencing prices in the oils and fats market. Furthermore, as Malaysia's palm oil sector enters its peak production season, significant supply pressure is mounting—a fundamental factor that is currently weighing on palm oil prices. From a long-term perspective, however, conflicts in the Middle East have already exerted a substantial impact on global energy supplies; consequently, the ongoing energy crisis and the continued development of the biodiesel industry are expected to provide sustained support for palm oil consumption demand.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.