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Mysteel oils market daily: Palm oil drops on producing area selling pressure

Source: Mysteel May 14, 2026 08:50
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Plant Oil Demand Price Supply
Trends in vegetable oils have shown slight divergence, with palm oil leading the market decline. This is mainly due to persistent selling pressure from producing regions, which continues to offer buying profits and weighs on the futures market. Yesterday, four new palm oil cargoes purchase were traced: two for June, and one each for November and December. At the same time, origin traders also covered December shipment positions. Domestically, basis levels remain persistently weak, and movement of goods is slow.

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