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The recent month’s ship schedule for palm oil imports in our country shows a slight narrowing of the price inversion gap
This week, domestic and international palm oil prices fluctuated and declined. The import prices for near-term vessel schedules in China slightly narrowed the backwardation. According to monitoring, on February 11, the landed and taxed cost of palm oil for March and April shipments to South China was 144 yuan/ton and 214 yuan/ton higher than the large trader’s palm oil 2605 contract prices, respectively. The backwardation narrowed by 28 yuan/ton and 8 yuan/ton compared to the same period last week. (National Grain and Oil Information Center)