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This week, domestic palm oil spot prices increased.
This week, palm oil market transactions are dull, and spot prices are following the upward trend. On April 21, the spot price of 24-degree palm oil in coastal areas was 9,510 to 9,670 yuan/ton, up 180 to 190 yuan/ton from the previous day, and up 240 to 320 yuan/ton compared to the same period last week. Recently, market bullish sentiment has been high, and rising futures prices may drive spot prices higher. It is expected that short-term palm oil spot trading volume will remain limited. (National Grain and Oil Information Center)