Palm oil demand seen jumping as discount over rivals widens : Rashtra News #Palm #oil #demand #jumping #discount #rivals #widens Palm oil demand is expected to jump in coming months, driven by a widening discount to rival vegetable oils. Higher demand for palm oil could lift Indonesian and Malaysian exports and bring down inventories, supporting
Palm oil imports in February fell about 36% from the previous month to 497,824 metric tons, the lowest since May 2023, the Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement.
India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement late on Tuesday.
The world's biggest palm oil exporter plans to halt shipments of refined, bleached and deodorized (RBD) palm olein but will allow exports of crude palm oil or other derivatives from Thursday.