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Mysteel China edible oils market: New soybean oil export rumoured exert solid support to soybean oil price

Source: Mysteel Jun 24, 2026 10:11
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Plant Oil/Oilseeds Demand Price Supply
The benchmark BMD palm oil contract edged slightly lower. Data from three major institutions show that Malaysia's June 120 export figures increased on a month-on-month basis. Yesterday, one new August-shipping palm oil purchase vessel was added, with a small number of near-month buy vessels and washouts. Overall, CNF backwardation remains sustained. Domestic spot basis quotes are fluctuating, while downstream buyers mostly maintain hand-to-mouth purchases based on immediate needs.

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