Falling prices for palm oil presses on the market of sunflower oil again

In Malaysia continuing fall in prices for palm oil, which over the week was down 3.3 percent to two-week low 1981 ringits/t or 477,8 $/t

the Reason for this decline was the slowdown in exports. During June 1-25 palm oil exports from Malaysia decreased in comparison with the same period in may according to analysts Societe Generale de Surveillance 15.3%, experts Intertek Testing Services – by 17.8%.

the Quotes could not support even caused by the escalation of tensions between the US and Iran rise in price of Brent crude oil to 66.05 $/t

Under the market pressure on palm oil prices, soybean oil in Chicago yesterday fell 2.2 percent to 629 $/t

soybean Futures dropped 2.1 percent to 338,5 $/t after the statement of the Minister of agriculture about the low probability of solving trade disputes during a meeting of the presidents of the United States and China in the G20. Delay planting soybeans in the U.S. from last year 15% were also unable to support the market.

prices of palm oil put pressure on the markets of vegetable oils, in particular quotations of Ukrainian sunflower oil.

the Active demand for Ukrainian sunflower oil on the background of shortage of supply supports prices at a high level 710-720 $/t for deliveries in July-August and 685-695 $/t for deliveries in October and November.

the Decrease in the forecast of rapeseed crop in the EU has strengthened prices for European rapeseed oil to 729 €/t FOB for shipments in August-October and 738 €/t FOB for shipments in November-December.

Argentina is stepping up the pace of export of oil. In may, exports of soybean oil increased in comparison with April by 59% to 561,9 thousand tons, sunflower – half to 91.4 thousand tons.