Palm oil prices are expected to fluctuate in the short term

First, the long holiday is approaching, and market trading is cautious with funds fleeing to safe havens. Spot transactions are basically halted, and palm oil prices lack momentum. Second, at the POC meeting, industry opinions are mixed, with long-term expectations of production cuts at the origin, but near-term supply pressure remains. Third, the positive effects of the US 45Z tax credit policy have been exhausted, and the market is waiting for the implementation of other biofuel policies. In the short term, palm oil prices are expected to fluctuate. (National Grain and Oil Information Center)