Palm oil quotations fell by 5.5% over the week, which reduced soybean oil prices by 3.8%, but sunflower oil prices remain unchanged so far.

The seasonal increase in the supply of vegetable oils against the backdrop of a significant drop in oil prices and reduced demand from the biofuel industry has led to the price of palm oil falling below the psychological level of 4000 ringgit/ton. December futures for palm oil FCPO1 on the Bursa Malaysia exchange fell by 1.6% to 3990 ringgit/ton or 965 $/ton yesterday, losing 5.5% over the week amid falling global oil prices and data on reduced exports of palm oil from Malaysia, which, according to surveyors, decreased by 16.5% compared to the same period in October from November 1-25. Additionally, the prices are pressured by the strengthening of the ringgit against the dollar. January futures for Brent crude oil fell by 3.8% to 62.5 $/barrel (-3.8% for the month) over the week. December futures for soybean oil in Chicago fell by 3.8% to 1108 $/ton (-1% for the month) over the week and will continue to decline as soybean oil exports from China increase. It is worth noting that ...