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Oilseeds and Vegetable Oils
Palm Oil
12Palm Oil EU - EUR/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
400
600
800
1,000
1,200
1,400
1,600
1,800
CPOR - Palm oil crude cif R'dam (MBP) (DH-0)
The EU palm oil MBP continued to decline in August, reaching a 2022 CY low. This was due to supply from
Indonesia increasing, despite efforts to offload supply at low prices, as the country continues to face a supply glut
due to its export ban implemented in April 2022. Additionally, higher stocks from Malaysia (second top palm
exporter) in the month contributed to the price decline. Thus, the average MBP of EU palm oil stood at EUR
1,052/MT in August, down by 14.1% m-o-m but up by 2.1% y-o-y.
What is happening to the vegetable and
edible oil markets and is price volatility
likely to continue?
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