Prices for sunflower oil are rising with the support of the market of soybean oil

2019-06-19 12:18:44
Machine translation
Prices for sunflower oil are rising with the support of the market of soybean oil

Last week futures for soybean oil in Chicago after the price of soybeans grew by 5.5% and totaled 641 $/t, however, yesterday declined to 636 $/t

 

The rapid growth of supported palm oil market, which this week on the stock exchange in Malaysia has risen by 2.8% by 2022 MYR/t or 484 $/t

 

Additionally, the vegetable oil markets supported the news of the resumption of trade negotiations between the US and China and announced the trump meeting with President of China XI Jinping next week.

 

the price of soybean oil in Argentina remain at the level of 624,5 $/t FOB for shipments in July. The prize for sunflower oil relative to soybean increased to $80/t CIF India.

 

Last week, prices for Ukrainian sunflower oil fell from 700-710 $/t to 690-700 $/t FOB. Now, however, they resumed growth and has already returned to the level 695-705 $/t FOB for shipments in July-August.

 

the price of rapeseed oil in the EU are also growing with the support of neighbouring markets of vegetable oils. For deliveries in August and September, the price rose to its highest level since may of 732 €/t FOB DM, while futures for the November-December traded at 736 €/t

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