Veg oils and meals

Indonesia will maintain its ban on exports of crude palm oil mill effluent (POME) and crude used cooking oil (UCO) as President Prabowo Subianto doubles down on plans to secure domestic feedstocks for sustainable aviation fuel (SAF) production and position the country as a leading global aviation fuel supplier.

Indian vegetable oil buyers are awaiting further details of a recently announced India-US trade deal, in which India is expected to reduce tariffs on certain US goods, including imports of soybean oil.

Vegoils futures were broadly lower on Friday February 6.

Indonesia’s palm oil exports in December reached 2.62 million tonnes, according to data from cargo surveyor Intertek Testing Services (ITS), with the figure comprising exports of palm oil and its derivatives, palm kernel oil and oleochemicals.

Crude palm oil (CPO) futures rebounded from three days of losses to recover to its highest in three weeks on Friday January 16, spurred by gains across the broader vegoil complex and pre-weekend positioning while further indications of a slowing pace of production also lent support.

Since late December 2025 and into January 2026, Russia has deliberately targeted Ukraine’s vegetable oil sector through a concentrated series of systematic attacks aimed at disrupting the segment as an integrated system, which, along with other factors, has led to increases in delivered vegoil prices to their highest levels in the last few years. In particular, the sunoil FOB six ports price has been driven to its highest level since August 2022, Fastmarkets analyses showed.