Significant decline in prices observed on the world market of vegetable oils

게시됨 2023년 3월 24일

Tridge 요약

The global vegetable oils market is experiencing a price decline, with soybean oil quotes on the SWOT exchange dropping to their lowest in 15 months, due to low prices in the South American market, a declining global oil market, and reduced demand from China and India. Brazil's decision to increase the biofuel mandate further impacted prices. Palm oil quotations in Kuala Lumpur also fell, and rapeseed oil prices in Rotterdam hit their lowest in 3 years.

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원본 콘텐츠

The global market for vegetable oils is experiencing a significant decline in prices. Thus, as of March 23, soybean oil quotes on the SWOT exchange fell to $1,150.2 per ton, which is the lowest figure in the last 15 months. Prices were under pressure from a significant weakening of prices for soybean oil in the South American market, a gradual decline in prices on the world oil market, as well as low demand for oil from key importers - China and India. In addition, it is worth noting that Brazil's decision to increase the biofuel mandate to 12% was also a factor in reducing prices in the global soybean oil market. Note that palm oil ...

출처: Oilworld