Too high a premium sunflower oil reduces the demand from buyers

price Trends for palm, soy and sunflower oil remain mixed.

Futures on palm oil exchange in Malaysia fall for the third consecutive session and has fallen to 10-month low of 1964 Ringgits/t or 449,22 $/t under the pressure of output growth on a decline in exports.

According to the Malaysian palm oil Association, production in April compared with the previous month rose by 19.9%. Simultaneously, the import of vegetable oil in India, which is the world's largest customer, decreased by 34% to 790 thousand tonnes due to logistical problems at the destination points.

a Decline in prices for crude oil and another tension in relations between the United States and China puts pressure on prices of U.S. soybean oil,which fell to the lowest this month 573,64 $/t

due to the low demand prices for July shipments of Argentine soybean oil has gradually decreased to 560 $/t FOB Up River, despite the logistical problems caused by low water level in the Parana river.

Premium for soybean oil relative to palm rose to 121 $/t, and sunflower is relatively palm – up to 250 $/t

bid Prices of Ukrainian sunflower oil will remain at a high level of $700/MT FOB for a limited amount of products from exporters that the highest bidder can't buy enough sunflower. However, the quotes will continue to face pressure from lower prices for palm oil and pessimistic results of the tender in Egypt.

Egyptian GASC tender yesterday bought 60 thousand tons of soybean oil (30 kt from companies Hakan Agro and ADM) with the delivery of 10-30 July 623,5 price $/t CFR, which at $11/MT or 2% lower than the previous auction, and refused to purchase sunflower oil, offered by 10% more than the purchase price at the previous tender March. Sunflower oil sellers offered at 745-746 $/t CFR, but GASC decided that the prize for her 122 $/t compared to soybean oil is too high.