Price trend

According to the monitoring data of SunSirs, on March 14, the soybean oil and palm oil market fell sharply.

Analysis review

The soybean oil and palm oil market has been rising sharply in the early stage, and it was in the ceiling market. With the continuous auction of rapeseed oil and soybean oil from the State Reserve, and the weakening of terminal demand, the soybean oil and palm oil market began to plunge. Palm oil fell by more than 5% in a single day, and soybean oil fell by more than 1%.

Market outlook

TThe price of soybean oil and palm oil is expected to remain high in the short term.

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