Palm oil exports to China fell by a third amid rising prices
Malaysia’s palm oil exports to China fell nearly 29% in the first 10 months of 2025, mainly due to higher prices compared with soybean oil. Buyers opted for cheaper alternatives, affecting competitiveness and market positioning. Palm oil prices remain linked to other edible oils, with Dalian November RBD palm oil at $1,185.48/tonne.
Malaysia’s palm oil exports to China fell nearly 29% in the first 10 months of 2025, the country’s Plantations and Commodities Minister said on Thursday.
As Reuters notes , the decline points to more serious issues related not only to competitiveness and logistics, but also to pricing dynamics and market positioning. Last year, Malaysia’s palm oil exports to China totaled 1.39 million tonnes, a 5.3% decrease from the 2023 target.
Johari said the decline was due to higher prices for palm oil compared to soybean oil.
“Since soybean oil is also imported into China as edible oil for consumption and industrial use, buyers have chosen a cheaper alternative… This is not about geopolitics,” the head of the department said following the press conference.
Palm oil follows the price dynamics of competing edible oils, including soybean oil.
According to OleoScope , the price of Daylian China RBD palm oil for November delivery on 27.11.2025 was $1,185.48 per tonne, which is $9.64 per tonne higher than the previous value on 26.11.2025 ($1,175.84 per tonne). The price of Daylian China soybean oil for November delivery on 27.11.2025 was $1,171.07 per tonne, which is $11.62 per tonne higher than the previous value on 26.11.2025 ($1,159.44 per tonne). This is the highest value in a week.
The minister suggested that Chinese buyers should deal directly with major palm oil producers in Malaysia, noting that buyers with one-year purchasing agreements may be eligible for discounts.
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Source : Ukr Agro Consult
