CPO to gain from China’s soybean import tariff

PETALING JAYA: Crude palm oil (CPO) stands to benefit from China’s latest move to impose 25% tariff on soybean imports from the United States, say analysts.

In the global edible oil market, CPO is seen as a major rival to soybean oil. Both commodities can be substituted for use in the food-processing industry and are often seen competing in major edible oil markets such as China and India.