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Recently, the spot prices of oils and fats are expected to continue fluctuating weakly.
Last Friday, the Malaysian palm oil market fluctuated and closed lower, dragged down by the weakness of related oils and fats as well as concerns over Indonesia's new export system; this week's MPOB monthly report is worth paying attention to.
Imported soybeans arrived in ports in concentrated batches, oil mills operated at high capacity, and inventories continued to accumulate.
Combined with the summer off-season for consumption, the demand from end-use catering and food processing remained dull, and trading was light, leading to a weakening of the basis.
The fluctuations in the US soybean and crude oil markets provided temporary support, and it is expected that the recent oil and fat spot prices will continue to fluctuate weakly.
(Feed Industry Information Network)