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Recently, the domestic soybean oil and palm oil price spread has widened.
This week, domestic oils and fats prices tracked the crude oil price trend, fluctuating and rising. Supported by Indonesia’s B50 biodiesel policy and expectations of palm oil stock drawdowns, palm oil prices saw an even larger increase, and the soybean–palm oil spread widened again. On March 31, the May futures contract price spread between soybean oil and palm oil was -1198 yuan/ton, widening by 238 yuan/ton from the previous week; the spot price spread was -1020 to -750 yuan/ton, widening by 160 to 220 yuan/ton from the previous week. (National Grain and Oil Information Center)