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Palm oil freight rates were steady to higher in the week, with Southeast Asia to West Coast India holding at $40-42 per tonne. Rates to China rose to $35-45 per tonne as June vessel availability tightened and Indian and Chinese buying picked up.
Tighter vessel supply and higher freight raise the delivered cost of palm oil into India and China. Stronger import demand supports palm oil prices in those markets.
fastmarkets.comRegina KohMay 31, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
