Sunflower oil in the world rose in price by almost 11% in a month

July palm oil futures on Bursa Malaysia were down 1% for the week at $834/t, broadly flat for almost two months amid rising production and lower exports, GrainTrade said. According to Oil World, in May Malaysia increased palm oil production by 13.5% compared to the previous month to 1.75 million tons, which also exceeded the figure for the same period in 2023 by 12.3% (1.52 million tons). . Since the beginning of 2024, Malaysia has produced 7.26 million tons of palm oil (6.64 million tons in January-May 2023) and exported 6.31 million tons (5.92 million tons). High production and falling prices for the product in the first half of May also allowed the country to increase oil exports to 1.38 million tons compared to 1.08 million tons in May 2023. Palm oil stocks in the country as of the end of May were estimated at 1.75 million tons (1.69 million tons a year earlier). According to Oil World estimates, Indonesia has sent 7.58 million tons of palm oil to foreign markets since the ...