Oilseeds
Palm Oil
Palm Oil
Price movements (monthly)
Expana Benchmark Prices
Month-on-month Change
Year-on-year Change
The Expana Benchmark Prices (EBP) for Crude Palm Oil CIF Rotterdam were down by 5.38% month-on-month (m-o-m) to $1,099.5/mt on April 30, 2025.
The price decrease over the month was in part due to thin demand from a European perspective.
Palm Oil
Other price drivers
↓ Macroeconomic Environment
The Brent crude oil price decreased by 6.5%m-o-m in April to $66.69/barrel. Crude oil prices continued to fall throughout April, chiefly driven by tariff-related demand concerns. Additionally, OPEC increased output by significantly more than expected. However, a marked rise in oil imports by China limited the price decline, but market sources reported a predominantly bearish market sentiment. EU gas prices fell 15.5% m-o-m in April to €35.36/MWh. Market sources reported weakened demand within Europe throughout April, driven by the arrival of the warmer weather, thus reducing heating demand. Additionally, LNG imports into Europe remained steady.
↓ Logistics
The shipping 40ft container composite index fell by 6% m-o-m to $2,206 per unit in April. However, the index was relatively stable during April. Demand for shipping remains weak, but market sources believe the index reached the bottom at the beginning of April and has no room to decline further.
→ Vegetable Oil Substitution
Developments in how the main vegetable oil (rapeseed oil, palm oil, sunflower oil and soybean oil) markets will respond to US President Trump’s policy/tariffs will need to be closely watched for vegetable oil impacts.
→ Weather
Weather patterns in key vegetable oil growing regions will be a crucial factor to watch for crop development.
Palm Oil
Market sentiment for the month ahead
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