Plant oilseed quotes remain stable and do not react to falling oil prices and sales from Argentina

During the week, vegetable oil quotes remained stable, not reacting to large sales from Argentina, falling oil prices, and the start of holidays in China. Argentina’s significant sales of soybeans, soybean oil, and meal worth over $7 billion in two days have not yet had a significant impact on markets, although they are expected to significantly reduce demand. December Brent crude futures fell 2.4% for the week under pressure from increased supply and falling demand for oil, which has had little impact on palm oil prices so far. November palm oil futures on the Bursa Malaysia exchange were trading at 4,388 ringgit/t or $1,045/t during the week, down 1% after two months of price stability supported by strong demand from India. Surveyors estimated that Malaysian palm oil exports in September rose by 7.3-9.6% compared to August. Analysts predict that in 2025/26 MY, India will increase imports of vegetable oils to a record level, but only due to increased palm oil supplies, while ...