InfoSAWIT, KUALA LUMPUR – Global palm oil prices may remain under pressure and could fall below RM4,000 per ton by April, primarily due to stiff competition from abundant South American soybean oil supplies.
According to Bloomberg, as published online by InfoSAWIT, veteran vegetable oil trader Dorab Mistry said palm oil must become cheaper to regain demand, especially from India.
“Palm oil must decline in price to attract demand again, particularly from India,” said Mistry, director at Godrej International Ltd.
India, the world’s largest importer of palm oil, soybean oil, and sunflower oil, imports approximately 16 million tons annually. Palm oil imports are projected to reach around 9 million tons, while soybean oil imports may total about 5.5 million tons this marketing year.
Meanwhile, Indonesia’s palm oil production is expected to stagnate at around 50 million tons in 2026 amid regulatory pressures and land seizure concerns, which have reportedly dampened investor confidence. (T2)
