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Mysteel oils market daily: Palm oil outperforms vegetable oil complex, driven by El Nio weather concerns and B50 biodiesel narrative

Source: Mysteel Apr 22, 2026 09:55
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Plant Oil Demand Price Supply
Yesterday, vegetable oil futures saw significant gains, with palm oil leading the rise. On the supply side of palm oil, market discussions are centered on the potential production cuts caused by El Nio weather, although this is still largely in the expectation phase. On the demand side, Indonesia continues to advance its B50 biodiesel program, giving palm oil a strong narrative.

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