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Key Highlights:
鈥听听听听听听听听听听听听 Supply Disruptions: Heavy rains and labor shortages in Indonesia and Malaysia reduced exportable volumes.
鈥听听听听听听听听听听听听 Global Demand Spike: China, India, and European biodiesel refiners increased procurement, raising price benchmarks.
鈥听听听听听听听听听听听听 Freight vs. FOB Impact: Lower freight costs were neutralized by rising FOB prices at origin.
鈥听听听听听听听听听听听听 Currency Advantage: US dollar appreciation boosted purchasing power, sustaining bullish import sentiment.
Unit: USD/MT
The US market witnessed sustained increase in import prices of palm kernel oil during the final week of august, reflecting a global supply-side pressure, higher cost of freight and resilient downstream demand.
Market participants reported that the steady upward trajectory, visible since mid-august, gained momentum in the last week of month, further straining palm kernel oil procurements cost for buyers in the food,...
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