Crude palm kernel oil CIF values in U.S. firmed through March as availability tightened into confectionery runs. Early softness gave way to a sustained upswing as higher freight costs, war-risk surcharges, and export levies narrowed near-term supply. Mid-month front-loading by U.S. importers and resilient offtake from oleochemical and food processors drained spot availability, leaving markets sensitive to incremental freight or fiscal shifts. The market shifted from a defensive stance at the start to firmer footing by month end as buyers rushed to secure cargoes. Demand from oleochemicals and food processors supported the move. Imports constitute a dominant channel for palm kernel oil in U.S., creating a structural demand base that tightened prompt supply ahead of confectionery runs. Logistics costs and fiscal measures amplified the price response. Weekly activity showed bullish momentum, with spot levels advancing and inventories thinning. Outlook remains tilted to the upside in the near term, barring easing freight, export charges or a larger harvest in producing regions.
