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For DMG, Shall I Buy Now or Wait?
DMG prices have reached a historic high due to rising palm oil costs, driven by Indonesia’s new export policy, global vegetable oil shortages, and supply disruptions from the Russia-Ukraine conflict. Importers are advised to assess demand carefully and stock moderately, as raw material shortages persist amid China’s COVID-19 resurgence. However, Indonesia’s recent adjustment from DMO to increased export duties may bring relief to the market. Stay connected with Chemsino for the latest ingredient price updates.
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DMG price has been fluctuating since September 2021. And it has come to the highest point lately in history.
The main reason for this is :
RAW MATERIAL --- PALM OIL
Indonesia's new exporting policy for Palm oil; Global veg oil supplies squeezed by Russia-Ukraine conflicts; Palm supply could be down by 100,000 T/month
So, what shall the importers do?
- Check the market request and make stock accordingly
- Further stockpiling is not recommended
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