The increasing demand for oil pushed prices up

2017-07-28 13:14:53
Machine translation
The increasing demand for oil pushed prices up

Price of Malaysian palm oil grew by $ 15./t to 645 dollars./t s August delivery. In July, exports of Malaysian palm oil increased by 3.6% compared with June and is at 1.016 million tons. The main increase in demand is coming from the EU and China, which increased purchases by 46% and 36%, respectively.

due to an increase of the difference value of palm and soybean oil, which has risen in the USA to 750$/t and ES to 710євро/t

 

Rise in the cost of soybean oil has pushed the price of sunflower oil, which rose last week on 4-5 dollars and is 790-800 $/t FOB the Netherlands.

 

Price of sunflower oil in Ukraine follows global trends and over the past week rose to 745-750 $/MT FOB.