Palm oil prices in China are expected to show steady growth in the near future
National Grain and Material Reserves Data Center News: Palm oil prices are expected to show steady growth in the near future.
Key reasons: First, recent high international soybean oil prices have highlighted the economic viability of palm oil, and Indian import demand may shift toward palm oil.
Second, Malaysian palm oil market fundamentals continue to improve, raising the likelihood of inventory drawdowns by the end of the month. Furthermore, February is a busy month for Malaysian holidays, and palm oil production is expected to decline further.
Third, the market is optimistic about the Meisheng Chai policy, and relevant news before its implementation will further improve market sentiment.
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