The market for vegetable oils in China is expecting a period of turbulence.

Palm oil consumption in Malaysia is difficult to predict, and the U.S. has not yet decided on its biodiesel policy. Domestic trade of rapeseed oil will also be limited due to the unknown volumes and delivery dates of rapeseed from Australia. The September MPOB report surprised with a sharp drop in domestic demand for palm oil in Malaysia to 330 thousand tons, causing stocks to rise to 2.361 million tons and exceed expert forecasts. Historically, consumption in Malaysia has been 280-320 thousand tons, but in June it reached 453 thousand tons, in July 462 thousand tons, and in August 499 thousand tons, meaning that over three months it exceeded the norm by 500 thousand tons. The lack of explanations from MPOB makes it difficult to forecast the market. In Indonesia, stocks have increased slightly, but the market is influenced by government biodiesel policies. If B45/B50 standards are introduced, demand for palm biodiesel will increase by 1.5/3 million tons, so exports will depend on ...