The price of sunflower oil is growing in other vegetable oils

Growth at the beginning of the week oil prices by 3% to 69.8 $per barrel and palm and soybean oil 2% supported prices for Ukrainian sunflower oil, which for two months has gradually declined.

amid increased exports June futures Malaysian palm oil rose yesterday by 1.9% to 2153 ringgit or 527,31 $/ton, the biggest daily increase since January.

According to the experts Intertek Testing Services, Malaysia in March increased compared to February palm oil exports by 22.4% from 1.24 to 1.52 million tons.

May futures for soybean oil in Chicago since the beginning of the week rose by 2.14% to 639,1 $/t on the expectations regarding the decision of a trade dispute between the US and China. In Washington now conduct the final meeting to resolve the issues of the trade deal, and on Friday will be published information about the agreed terms.

Growth markets of palm and soybean oil stopped a three week drop of prices for black sea sunflower oil and unrolled them up. Prices rose 640-650 $/MT FOB up to 655-660 $/MT FOB, and bid – to 645-650 $/t FOB for shipments in April-may.

Lowest prices on quality sunflower oil interested buyers, while producers have reduced the number of offerings of sunflower on the background of reduction of prices on oil and the strengthening of the hryvnia. To attract large shipments of processors from last week raised the price of sunflower 100-200 UAH/t to 10600-11000 UAH/t with delivery to the plant or 10000-10100 on the French economy.

the Manufacturers have reduced sales since started planting and are not able to take care of the shipment, and the expected growth of input prices.

In Europe, the price of sunflower oil increased by 5-7 USD/t to 685-695 $/t FOB for shipments in April-June, canola – 5-8 $/t 700 €/t FOB following the rise in price of rapeseed on Euronext on 3,75 €/t to 361,25 €/t or 405,7 $/t