Spread between sunflower and palm oil reaches $270 per tonne

widened to a record $270 per tonne. The palm oil market remains under pressure from weak import demand in India, improving trade relations between the U.S. and China, and declining global crude oil prices. In addition, uncertainty surrounding the implementation of Indonesia’s B50 biodiesel program is adding further downward pressure on prices. Sunflower oil, by contrast, continues to receive market support. Lower harvest estimates in Ukraine, Russia, and parts of the EU have prevented prices from falling, while processors are actively seeking a balance among different types of oilseed raw materials. The resulting supply deficit is keeping sunflower oil prices firm despite generally weaker importer interest. In Ukraine’s domestic market, sunflower seed prices rose last week to over UAH 29,000 per tonne (CPT), while oil producers are offering sunflower oil at $1250–1260 per tonne FCA-plant. On external markets, Ukrainian sunflower oil continues to hold a premium over palm oil, with ...