Global: Sunflower oil becomes cheaper amid falling prices for palm and soybean oil

Yesterday, oil prices declined slightly after the previous speculative growth, despite Iran’s Saturday shelling of Israel, as the latter has not yet responded to the attack, and therefore the conflict has not escalated to open military confrontation. June futures for Brent crude oil on the London ICE Futures exchange on Friday rose by 0.8% to $90.45 per barrel, and on Monday fell by 0.34% to $90.14 per barrel (-0.5% for the week, +4.5% for the month). Following oil prices, palm and soybean oil prices fell, especially as the Malaysian Palm Oil Board report was more optimistic than traders expected, which increased pressure on prices. According to the report, Malaysia in March increased in comparison with February the production of crude palm oil by 10.57% to 1.39 million tons, and exports – by 28.61% to 1.32 million tons, resulting in a 10.68% decrease in stocks to a 10-month low of 1.71 million tons. the June futures for palm oil on the Bursa exchange in Malaysia yesterday fell by ...