National Grain and Oil Information Center: It is expected that palm oil prices will fluctuate and fall in the future

Golden Ten Futures, April 18, according to the National Grain and Oil Information Center, one is that the follow-up palm oil supply is expected to increase. In terms of origin, Malaysian palm oil production began to increase in March, and the market's concerns about the reduction of palm oil production caused by El Niño weakened. After Eid al-Fitr, the number of laborers increased, and palm oil production is expected to continue to increase. In terms of imports, with the narrowing of the inversion range, there have been new purchases of ships in China recently. Last weekend, the market purchased nearly 10 ships of palm oil with a shipment schedule in the fourth quarter, and this week purchased 3 ships of palm oil with a shipment schedule from June to July. The subsequent purchase of ships is expected to continue to increase. Second, palm oil consumption has been greatly compressed. The substitution of palm oil by domestic packaged soybean oil has increased significantly. At present, large food companies have not yet fully changed their formul Overall, before the purchase of ships has increased significantly, prices are still supported, but under the expectation of increased supply and reduced demand, subsequent palm oil prices will weaken or show a volatile downward trend.