Prices for vegetable oils continues to grow

the growth Trend of world prices for vegetable oil continued this week.

In Malaysia, the April futures for palm oil after the jump to 566 $/ton dropped to 560 $/MT amid rising demand and falling stockpiles in Indonesia.

In Chicago futures for soybean oil continue to go up, and for the week rose by 3.5% to 668,66 $/t. the Quotes supported the rise in soybean prices caused by the resolution of the European Commission to use U.S. soy in the biodiesel production by 2021.

the EU, the prices for soybean oil rose to a 770-780 $/t the EXT NW Europe for shipments in February-March.

Rapid rise in vegetable oil supported prices for Ukrainian sunflower oil, which over the week grew by 10 $/t to 670-680 $/t FOB for shipments in February-March. Prices thus rose to 690 $/t

Followed by vegetable oils in Ukraine continues to rise, the sunflower. Processors since the beginning of week raised prices by 100-200 UAH/t and offer 10600-11200 UAH/t at the plant or 10200-10300 UAH/t on the basis of the Franco-economy.

the Growth of prices for sunflower oil has increased sales from producers, however, they are still holding back sales in expectation of further price increases.