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

This week, international CNF prices for palm oil declined, and China’s palm oil import costs have significantly decreased. Monitoring shows that on February 11, the CNF import prices for 24-degree palm oil for March and April shipment were $1,099/ton and $1,110/ton, respectively, down $24–27/ton from the same period last week; the landed and taxed costs in South China were 9,050 yuan/ton and 9,120 yuan/ton, respectively, down 240–260 yuan/ton from the same period last week. (National Grain and Oil Information Center)