Palm Oil Stockpile in China Decreased to Its Lowest Since Mid-December 2015
52
VIEWS
by Desmond Ng
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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