Prices for vegetable oils have slightly increased after falling last week.

Vegetable oil markets remain under pressure from uncertainty regarding future price trends, although fundamental factors indicate a decrease in demand, but traders are hoping for a rise in quotations due to a reduction in sunflower oil supply. Last week, palm oil prices rebounded and supported soybean and sunflower oil prices, although rapeseed oil prices remained under pressure from rising supply. The main reason for the speculative rise in oil and vegetable oil prices was drone attacks in the Black Sea on sanctioned tankers carrying Russian oil, as well as an attack on a Russian vessel transporting Russian sunflower oil. According to the Turkish Ministry of Transport and Infrastructure, the tanker Midvolga 2, traveling from Russia to Georgia with sunflower oil, was attacked 130 km from the Turkish coast. It did not request assistance and continued to move towards Sinop with its engines running. There was no threat to the lives and health of the 13 crew members. December futures ...