Category Archives: News

Palm oil freight rates stable to firmer on limited vessel availability

Palm oil freight rates were steady-to-higher this week, with more inquiries for second-half June shipments amid tighter vessel availability keeping rates supported. Freight for 18,000-20,000 mt vessels from Southeast Asia to West Coast India was holding steady at $40-42/mt, unchanged from a week ago, while freight rates to East Coast India for 10,000-12,000 mt shipments

Indonesia lowers CPO reference price for 1-15 June. Next reference price for 15-30 June expected to be a notch lower

Indonesia officially announced 1-15 June CPO reference price of US$811.68/ton or lower than the levels for the second half of May of US$893.23/ton. This brings the export duty and levies down by two tiers to $33 and $85/ton respectively from $74/ton and $95/ton previously. The lower Indonesian payable export duty and levy were anticipated by

Indonesia palm oil export tumble for the sixth successive month in April as CPO shipment contract

Indonesia’s palm oil export plummeted for the sixth straight month after April shipment tumbled by 14.85% to 1.669 million tons compared to the previous month sinking to an 11-month low—ITS data showed. Hefty export levy and taxes coupled with…   For more analysis please subscribe or get a free trial

China’s April palm olein imports rise 91% y-o-y to 224k tons and palm oil stocks remain elevated

China’s palm olein imports in April rose by 91% compared to a year earlier to 224,058 tons, data from the country’s General Administration of Customs (GACC) showed. The year-on-year increase comes as buying improved following lower prices and amid an anticipated improvement in consumption following the opening of borders and relaxation of Covid restrictions. However,