This week, the import costs of palm oil in our country decreased.

This week, international CNF prices for palm oil declined, and our country’s palm oil import costs have significantly decreased. Monitoring shows that on February 5th, the CNF import prices for 24-degree palm oil for March and April shipments were $1,118/ton and $1,124/ton, respectively, down $26–27/ton from the same period last week; the landed and taxed costs in South China were 9,230 yuan/ton and 9,270 yuan/ton, respectively, down 230–250 yuan/ton from the same period last week. (National Grain and Oil Information Center)