Sunflower prices remain unchanged despite the reduction in price of vegetable oils

2019-05-07 12:14:57
Machine translation
Sunflower prices remain unchanged despite the reduction in price of vegetable oils

the Projected reduction proposals sunflower, due to the long weekend and the reduction of resources, supports the purchase price at a high level despite the sharp decline in vegetable oil on the world market.

 

Processors are experiencing a shortage of raw materials, are forced to reduce their own margins and increase purchase prices, and now offer 11000-11500 UAH/t with delivery to the plant and 10400-10500 UAH/t on the French economy.

 

Due to the reduction of the sentences on the background of strong demand the price of sunflower oil remained high, though decreased by 2-3 $/t to 660-668 $/t FOB, but soon may drop further after prices of palm and soybean oil.

 

Monday prices for vegetable oil dropped sharply after trump statements about the possible introduction of tariffs on Chinese goods and the collapse of the stock markets of China.

 

Futures on malaysische palm oil in Kuala Lumpur  fell by 1.3% to 5-month low of 1984 ringgit or 478,53 $/t

 

soybean Futures in Chicago yesterday in early trading fell 3% to $300/MT, but then rebounded to 305,4 $/ton, while futures on soybean oil lost 1.6% on Monday and another 1.6% from the previous week  and fell to  602,3$/т

 

Traders expect the outcome of this visit and the talks between the Chinese delegation and the U.S. government that will determine further trend of markets for soybeans and soybean oil.

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