国际棕榈油：四季度或高位震荡，供应降需求升

Core Viewpoint - The international palm oil prices are expected to fluctuate at high levels in the fourth quarter due to seasonal production declines in Malaysia and increased domestic consumption, alongside low inventory levels in India driving demand for imports [1] Group 1: Supply and Production - Malaysia's palm oil production is anticipated to decrease in the fourth quarter following seasonal trends [1] - The country plans to initiate sustainable aviation fuel production by the end of the year, which may impact palm oil supply dynamics [1] Group 2: Demand and Consumption - Domestic consumption of palm oil in Malaysia is expected to rise, contributing to a tighter supply outlook [1] - India's low vegetable oil inventory levels are leading to heightened demand for palm oil ahead of the Diwali festival, supporting export activities from producing regions [1] Group 3: Price Implications - The combination of reduced supply from Malaysia and increased demand from India is likely to provide support for international palm oil prices [1]