During the week, palm and soybean oil prices fell by 2.9% and 5.4%, respectively, which increased pressure on sunflower oil and sunflower prices in Ukraine.

After a two-day rally, Malaysian palm oil futures fell on expectations of a recovery in production and a reduction in exports, as well as pressure from lower prices for competing oils. Adding to the uncertainty in the markets is Trump’s announcement that he will impose tariffs on Canadian goods, including rapeseed oil, from March 4, forcing sellers to look for new markets. April palm oil futures on the Bursa exchange fell 2.2% to 4,511 ringgit/t or $1,016/t (-2.9% for the week). March soybean oil futures on the Chicago Board of Trade fell 5.4% to $987/t (-0.9% for the month) during the week, giving up the speculative gains of February, amid improving weather in South America. On the Chinese exchange in Dalian, the most active soybean oil contract rose by 0.91% yesterday, while palm oil CPO1 fell by 1.09%. At a conference held this week in Kuala Lumpur, analysts predicted a resumption of palm oil production in Malaysia and a reduction in demand from importers, which will lead ...