Insights Shared by Experts at Globoil 2025, Dubai

08-May-2025 11:01 AM

Insights Shared by Experts at Globoil 2025, Dubai
★ Palm oil prices peaked in February 2025 (during Ramadan); expected to fall to around RM3,500 by year-end due to stock build-up.
★ Soybean oil prices will likely remain strong, supported by US biofuel demand and favorable policies.
★ If geopolitical tensions ease in the Black Sea region, sunflower oil could command a premium.
★ Biofuel policies (like B40 in Indonesia and biodiesel programs in the US) will influence oil prices significantly.
★ Global vegetable oil demand is increasing by 2–3 million metric tons per year.
★ Due to high palm oil prices, India and China have shifted to importing about 1.3 million metric tons of soybean oil.
★ Mustard oil consumption is steadily increasing in India, while sunflower oil consumption has declined.
★ If the B40 biofuel mandate is implemented, vegetable oil demand could see a rise in 2025.
★ The Russia-Ukraine war damaged around 1 million hectares of sunflower crop in Ukraine.