The price of sunflower in Ukraine continue to plummet

the Rapid increase in purchase prices for sunflower last week Monday was replaced by a no less rapid decline.

behind the decline in the prices of sunflower oil at $100/t to 1580-1620 $/t FOB and prices of sunflower meal by 50-60 $/t the purchase price of sunflower in Ukraine this week decreased by 2000-2800 UAH/t to 23500-24200 UAH/t or 850-870 $/t with delivery to the plant.

On forecasts of reducing the production and stocks of palm oil in Indonesia as a result of flooding, may futures for palm oil on the stock exchange in Malaysia yesterday rose 1% to 3937 ringgit/t or 955 $/t, after a preliminary two-day drop. Malaysia has increased the base price by 9% to 4331,5 ringgit/t, resulting in 8% export duty will increase from 79 $/t to 84 $/t

May futures for soybean oil on the stock exchange in Chicago yesterday fell 0.5% to 1220 $/t on the data about a sharp reduction of soybean in February.

On the stock exchange in Dalian futures palm oil yesterday fell 1.9% to 1209 $/ton, and soy - 1.2% to 1427 $/t today that will increase pressure on the quotes in other markets.

WTI fell by 1.2% to 64 $/barrel, while Brent crude declined 1.5% to 67.5 $/bbl on the increase in US inventories and low rates of vaccination of the population, that will slow the economic recovery in the US and the EU, as well as the growth in oil demand.