According to the National Grain and Oil Information Center: Monitoring shows that on August 21, the CNF prices of Malaysian 24-degree palm oil for October-December shipments were 940 US dollars/ton and 930 US dollars/ton, respectively, which are equivalent to the duty-paid costs (9% tariff, 9% VAT) in North China, which are 7980 RMB/ton and 7850 RMB/ton, respectively, which are 298 RMB/ton and 168 RMB/ton higher than the palm oil 2501 contract price of Dalian Commodity Exchange; the import cost for October shipment is 118 RMB/ton higher than the October basis price of palm oil in Tianjin.

Due to the poor import profit, it is understood that domestic enterprises washed two ships last week, with shipments in September and November.

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