# Palm oil freight rates stable to firmer on limited vessel availability - Fastmarkets

> 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.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: logistics · region Southeast Asia · magnitude low
- Page: https://feedsoft.ai/events/15735-palm-oil-freight-rates-stable-to-firmer-on-limited-vessel-availability
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/palm-oil-freight-rates-stable/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.