중국 식물성 기름 인사이트

Core Tip: According to data from the General Administration of Customs of Vietnam, as of mid-December 2024, Vietnam's cashew exports have reached US$4.2 billion. This is the first time in the history of Vietnam's cashew industry that exports have exceeded the US$4 billion mark, marking a new step for Vietnam's cashew industry on the basis of maintaining an export volume of more than US$3 billion for many years.

The palm oil market continues to face significant uncertainties heading into 2025, with supply-side challenges exacerbated by adverse weather conditions and a slower pace of replanting. Palm oil prices in 2024 have remained elevated due to global supply constraints, driven by reduced exports from the largest palm oil producer, Indonesia, as well as recent adverse weather conditions in Malaysia.

The USDA (United States Department of Agriculture) report on soybeans, released in December, indicated a neutral outlook, with few changes in global figures. Soybean production in the United States and Brazil was maintained at 124.1 million and 169 million tons, respectively, while Argentine production increased to 52 million tons. According to Luiz Fernando Roque, Market Intelligence Coordinator at Hedgepoint Global Markets, the record harvest in South America, especially in Brazil, and a near-record harvest in the United States should result in the largest global production ever recorded, putting pressure on prices on the Chicago Stock Exchange in the coming weeks.