Declining crude oil and vegetable oil prices lower prices for sunflower seeds and oil in Ukraine

Trump’s imposition of tariffs on goods from Canada, Mexico, and China, as well as threats to impose tariffs on goods from the EU, led to a fall in the US stock market and crude oil and vegetable oil prices due to increased risks of a slowdown in the US and global economies. May Brent crude futures fell 2.1% to $71/barrel in the week and lost 6.3% in two weeks on expectations of a decline in global demand due to a global economic slowdown and disruptions to supply chains. Prices are also under pressure from the news that OPEC+ will continue its planned production increase in April. April palm oil futures on the Bursa exchange fell 3.1% yesterday to a monthly low of 4,349 ringgit/or $975/t (-5% for the week). Weak export demand at the start of Ramadan and forecasts of increased palm and soybean oil production in the second half of the year are adding pressure on vegetable oil prices. According to dealers, India increased palm oil imports by 36% in February compared to January ...