Falling palm oil prices increase pressure on sunflower and sunflower oil prices in Ukraine

Palm oil prices fell 9.6% last week, and have lost 15.6% in two weeks as export demand has waned. According to surveyors, Malaysia reduced its palm oil exports by 7.6-8.3% from December 1-20 compared to the same period in November, and in the next 10 days, amid the New Year holidays, they will decrease even more. On the Bursa exchange, February palm oil futures fell 1.6% on Friday to 4,434 ringgit/t or $984/t (-9.6% for the week), and the benchmark FCPO1 palm oil contract for March delivery fell 1.64% or 74 ringgit/t to 4,434 ringgit/t ($983.24/t). Following them and against the backdrop of favorable weather for soybean sowing in Brazil, January soybean oil futures in Chicago fell by 7.8% to $870/tonne in a week (-8.9% in two weeks). According to Trading Economics, the average price for sunflower oil delivered to buyers fell by 1.5% to $1,261/tonne in a week (-3.6% in two weeks). The number of offers remains limited, as sellers are not ready to lower prices to the level of soybean ...