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Palm oil trade data released: arrivals to Hong Kong in May fell year-on-year
According to the latest report, in May this year, palm oilmariosoniccrashspyroThe actual arrival volume is 8mariosoniccrashspyro.3,200 tons, a decrease of 14.44% compared with the same period last year. At the same time, the import and shipment volume of palm oil in this period reached 73,600 tons, a year-on-year increase of 279.42%. However, in contrast, this month's forecast shipment volume is only 113,400 tons, a year-on-year decrease of 32.15%.
Looking to the future, the next forecast arrival volume is expected to be 75,000 tons, a slight decrease from the same period this year. Despite this, the forecast arrival to Hong Kong next month is only 32,300 tons, a significant decrease of 90.10% year-on-year. This series of data provides investors with important information about market dynamics for this commodity.
During this trading period, from May 01 to 15, the actual volume of palm oil arriving in Hong Kong reached 8,200 tons, a year-on-year increase of 639.64%. Despite this, the next forecast for arrival in Hong Kong is 75,000 tons, a year-on-year decrease of 21.99%.
Overall, the current market supply and demand situation shows that the palm oil market is facing challenges. These data are crucial for investors because it reflects current import trends and future supply and demand prospects.