Why has palm oil become the "leader" in the oil market?
Golden Ten Futures, December 2 news, recently, the three major oil markets have changed suddenly, and palm oil has become the "leader". Not only has the price exceeded that of vegetable oil and soybean oil, but it has also broken through the 10,000 yuan/ton mark several times. GF Futures believes that there are three main reasons for the strengthening of palm oil prices: First, the extreme weather in the main producing areas in the short term has caused the supply contraction to continue to ferment. Second, the future output is expected to continue to decrease. Third, Indonesia has repeatedly emphasized the mandatory implementation of the "B40 blending plan". Industry insiders said that while palm oil is rising like a rainbow, domestic soybean oil and vegetable oil prices are weak, which makes the price difference between soybean oil and palm oil, vegetable oil and palm oil continue to widen. In the short term, the probability of the price difference between soybean oil and palm oil, vegetable oil and palm oil returning to the "traditional" is small.