Prices of soybean and palm oil in China reached 1.5-year high
quotation of soybean and palm oil on the Chinese stock exchange in Dalian continues to grow and has already reached its highest since mid-2018 level.
amid scrimmage the increase in prices reached record high trading volume. Experts believe that the high demand of buyers in these types of vegetable oils are due to reduced production of soybean oil in China due to palov Achs and reduced soybean stocks in the country to 4-year low.
thus the increase in prices of palm oil due to the reduction of its production in Malaysia and Indonesia, as well as the intentions of the governments of these countries to increase domestic consumption of palm oil by more active use of it in the form of biofuel feedstocks.
Possible reduction in the supply of palm oil in China increases the demand of consumers for this product.