China’s palm oil inventories double year-on-year in October
In China, Ukragroconsult reports China’s palm oil inventories nearly doubled year over year to 1.21 million metric tons in late October 2026, putting pressure on prices amid weak demand and abundant supplies from Southeast Asia. Average prices fell 3.03% during October to approximately $1,260 per metric ton. Competition from cheaper soybean oil and weaker biodiesel economics are further limiting demand. SunSirs expects Chinese palm oil prices to remain between approximately $1,236 and $1,306 per metric ton in November, with high inventories constraining recovery.
Category: Fuels
