| Palm Oil Stockpile in China Decreased to Its Lowest Since Mid-December 2015 |
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by Desmond Ng
Regional Manager, China
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| By the end of April, palm oil stockpile in China has sharply decreased from 1,022,100 MT to 840,000 MT, which is the lowest since mid-December 2015. The drop may possibly due to the slowdown in palm oil import in April, as a result of narrowing price difference between palm oil and soybean oil since March this year. Hence, the demands of palm oil has mainly been satisfied through the inventory. |
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