Sunflower oil is rising in price globally following the prices of other vegetable oils and against the backdrop of the rising euro exchange rate

Prices for soybeans and soybean oil rose strongly last week amid dry and hot weather in central Brazil, but they fell slightly at the end of the week as traders began to take profits. Sunflower oil prices increased by another 3-4% due to a shortage of sunflower supplies caused by low prices and the rising euro exchange rate. December soybean oil futures on the Chicago Exchange rose 3.4% early last week and then fell 2.7% to $1,145/t (+1.4% for the week, -3.5% for the month) after reduction in oil prices by 5%. January palm oil futures on Bursa Malaysia fell 1.7% to RM3,931/t or $840/t on Friday, up 3.4% on the week, tracking crude and soybean oil prices. They were supported by export data, which, according to surveyor AmSpec Agri, for November 1-15 increased by 6.4% compared to the same period in October to 645.6 thousand tons. With the support of neighboring vegetable oil markets, demand prices for sunflower oil with delivery to customers per week increased by 2.3% to $895/t, ...