Price trend

According to the monitoring data of SunSirs, on April 1, the market price of palm oil fell sharply, and the average market price was 12,294 RMB/ton.

Analysis review

The external market fell, palm oil futures plunged sharply, high prices inhibited transactions, demand was poor, and prices fell sharply, with a single-day drop of more than 3%.

Market outlook

Palm oil is expected to fall mainly in the short term.

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