| China Palm Oil Stock at Its Lowest Level Since July 2015 |
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by Desmond Ng
Regional Manager, China
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| By the end of May, palm oil stockpile in China sharply decreased from 840,000 MT, to 600,400 MT. The drop may possibly due to the slowdown in palm oil import not only in April but also in May, which is two consecutive months, as a result of narrowing price difference between palm oil and soybean oil since March this year. Hence, the demand of palm oil mainly was being satisfied through utilising the inventory. |
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