After palm oil continues to become cheaper sunflower oil and sunflower

the Falling prices for palm oil exchange in Malaysia lasts from January 8. Yesterday they updated a 2-month low amid a sharp decline in exports caused by the introduction of the 8% export duty.

the April futures for palm oil fell yesterday by 1.4% to 3221 Ringgits/t or 796,7 $/t for data on the decline in exports compared with December 40-43%.

After reaching a record 945 $/MT quotes palm oil for two weeks fell by 18.6%, which led to lower prices for soybean oil in Chicago and a slight reduction in price of sunflower oil.

On the Chicago Board of CBOT futures soybean oil for two weeks lost 6% of the price, but yesterday rose sharply by 3.5% to 942 $/t on the back of another strike in Argentina and the recovery of demand for soybean oil from the United States.

After the exchange quotations of the prices of Argentine soybean oil in physical markets had declined from 1000 to 950-960 $/t FOB.

a Gradual increase in spread between prices of palm, soybean and sunflower oil in the near future will lead to lower demand and prices for sunflower oil.

Prices for Ukrainian sunflower oil fell to 1230-1250 $/t FOB compared to the record 1300-1330 $/t FOB two weeks ago.

the Purchase price of sunflower in Ukraine remain under pressure of falling world market of sunflower oil and deficiency of offers from manufacturers, forcing processors to reduce margins and to buy raw materials at a high price.

For the week, input prices were down to 600-800 UAH/t to 21600-22000 UAH/t with delivery to the plant, but some processors for large parties willing to pay more because the stocks of raw materials at plants are quite small.