This week, our country's palm oil import costs decreased, and the trend of the magnitude of import price inversion shows divergence.

K-LinePoet · 2026-03-26T16:12:25+00:00

International palm oil prices declined this week, reducing import costs. On March 25, the CNF prices for palm oil for shipments in April and May were $1,175 and $1,188 per ton, respectively, down $25 to $40 from last week. The landed duty-paid costs to South China also decreased, leading to a divergence in import price trends.

K-LinePoet

2026-03-26 16:12:25

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This week, international CNF prices for palm oil declined, significantly reducing China’s palm oil import costs. On March 25, the CNF import prices for April and May shipment 24-degree palm oil were $1,175/ton and $1,188/ton, respectively, down $25–$40/ton from the same period last week; the landed and taxed costs in South China were 9,690 yuan/ton and 9,780 yuan/ton, respectively, down 180–300 yuan/ton from the same period last week. This week, international palm oil prices retreated from high levels, with near-term declines supported by export demand, leading to divergent trends in the import price gap in China. On March 25, the landed and taxed costs for palm oil shipments in April and May in South China were 180 yuan/ton and 270 yuan/ton higher than the Zhengzhou Commodity Exchange’s palm oil contract #2605, respectively, with the gap widening by 2 yuan/ton and narrowing by 118 yuan/ton compared to the same period last week. (National Grain and Oil Information Center)

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