China’s palm oil inventories nearly double, increasing pressure on prices
03/11/2026 (Ukr Agro Comsult) - Commercial palm oil inventories in China reached approximately 1.21 mln tons in late October 2026, nearly double the level recorded during the same period last year and among the highest for this time of year. Substantial stocks combined with weak domestic demand have pushed prices lower. According to SunSirs, the average market price of palm oil declined by 3.03% in October, falling from 9,250 yuan/t at the beginning of the month to 8,970 yuan/t as of October 29.
