The collapse of prices for palm oil presses on the markets of oilseeds

March futures for palm oil in Malaysia last week showed the largest weekly drop over the last 10 years, losing 10.4 percent after the refusal of India from the purchase of Malaysian palm oil.

For Thursday-n of ATICand quotes fell by 3.8% to 2837 ringgitIP/t or 700,49 $/t

the Cause of the fall was the increase in Malaysia's export tax on crude palm oil from 5 percent in January to 6% in February.

Futures soybean oil in Chicago Friday played the previous decline and grew by 0.85% to 734,5 $/t, although overall for the week March contracts showed the largest weekly drop since April, 2019 and decreased by 3.4%.

the Decline in palm oil has become the expected market return to the usual level of premiums for soybean oil at 35 $/t, and for sunflower at 80 $/t compared to palm oil.

Falling markets, soybean and palm oil pressure on the purchase prices of Ukrainian sunflower oil, which over the week decreased by 20 $/t to 760-780 $/t FOB.

the Decrease of palm oil exports from Malaysia will reduce the supply of vegetable oils in the Indian market, which can step up purchases of Ukrainian sunflower oil, which is now offered at 845 $/t in February-March, though buyers will have to wait for the maximum falling of the prices and only then will resume the purchase.