SunSirs: International and Domestic Palm Oil Prices have Fallen Significantly
April 11 2025 13:46:22
According to the National Grain and Oil Information Center on April 11: Recently, international and domestic palm oil prices have fallen significantly, and the domestic decline has been even greater, and the margin of palm oil import profit has widened.
Monitoring shows that on April 10, the CNF import quotations for 24-degree palm oil for May-July 2025 were US$1,150/ton, US$1,020/ton and US$1,010/ton, respectively, and the duty-paid costs at the port in South China were RMB 9,200/ton, RMB 8,920/ton and RMB 8,860/ton, respectively, which were RMB 1,014/ton, RMB 714/ton and RMB 674/ton higher than the CME palm oil 2509 contract price, respectively, and increased by RMB 150 to 300/ton compared with last week. No new domestic purchases were seen this week.
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