Prices for palm and sunflower oil declined slightly, while soybean oil remained steadily low globally

게시됨 2024년 6월 24일

Tridge 요약

The article discusses the dynamic of key vegetable and palm oils prices in the European and Asian markets, amidst the rapeseed harvest season in Europe and the anticipated rise in rapeseed oil supply. It highlights a drop in demand for these oils from European biodiesel producers, leading to a decrease in prices for Ukrainian soybean and sunflower oil. This is further influenced by the depreciation of the euro against the dollar. In contrast, the high demand and limited supply from Ukraine, along with a slight decrease in palm oil exports from Malaysia, have resulted in increased quotes for these commodities. Furthermore, the article notes an uptick in Brent crude oil prices due to potential conflict in the Middle East, which could contribute to higher vegetable oil prices in the short term.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Amid the beginning of the harvest of rapeseed in Europe and the expectation of increased supply of rapeseed oil from the new harvest, there is a decrease in demand from European biodiesel producers, which actively bought soybean and sunflower oil from Ukraine in may, which led to a sharp rise in prices. During the past week, the demand prices for soybean and sunflower oil from Ukraine decreased by 20-30 $/t to 900-920 $/t with delivery to Poland and Bulgaria, which is also due to the depreciation of the euro against the dollar. According to Trading Economics, the average price of sunflower oil for delivery to buyers for the week decreased by 1% to 933 $/t (+7.2% for the month), but the shortage of supply from Ukraine supports the quotes. Over the past week, the August futures for palm oil on the Bursa exchange in Malaysia decreased by 1.2% to 3900 ringgit/t or 828 $/t under pressure from the slowdown in exports in June after may. According to independent surveyors AmSpec Agri ...

출처: UkrAgroConsult