The sharp decline in prices for palm oil lowers the markets, soybean and sunflower oil

the vegetable oil Markets remain under the influence of speculators who have managed in a short period of time to rock quotes in the range of 8-10%, which is particularly evident in the prices of palm oil.

Within 1-12 March futures on malaysisch palm oil rose by 10.5% with 3731 to 4125 ringgit/t. Given that for the last week of February, they grew 6%, the General rise in prices amounted to more than 16.5%.

the Main reason for the growth of the projections of reducing the production and boost exports in March. However, data for the first half of March were opposite to the predictions exports fell sharply, and production grew, as it usually occurs on the background of the high prices. So last week the futures of palm oil fell nearly 11% to 3724 ringgit/t or 907,2 $/t

the Fall in the price of palm oil has deployed down markets, soybean and sunflower oil, which in recent months has also been actively expensive.

On the stock exchange in Chicago may futures for soybean oil last week fell by 2.5% to 1180 $/t on the back of improved weather conditions in South America, an increase in supply of soy oil from Argentina and forecasts the expansion of sowing soybeans in the United States in 2021

On the stock exchange in Dalian on Friday for palm oil fell by 2.6% to 1178 $/ton, and soy - 2.7% to 1362 $/t

In Ukraine, the price of sunflower oil in the last 10 days decreased by 150-180 $/t to 1500-1550 $/MT FOB due to a sharp decline in prices demand and increase in supply of oil on the back of high prices.