The fall in oil prices and the increase in production forecasts in Indonesia are increasing pressure on the quotations of palm oil and other vegetable oils.

Palm oil quotations continue to decline under the pressure of fundamental factors such as the increase in the production of palm and soybean oil and the decrease in demand for biodiesel due to falling oil prices. Yesterday, April futures for Brent crude oil fell by 2.8% to $67.5/barrel, losing the growth of the last week, however, they are still trading 4.2% higher than a month ago. Analysts estimate the speculative component (caused by a possible war with Iran) in the oil price at 7-10%, so if negotiations continue, quotations will lose this support. Yesterday, a new wave of asset sell-offs began on the US market, leading to a loss of capitalization by $3.6 trillion in just 90 minutes of trading, and became a strong pressure factor on oil prices. Gold prices fell by 3.76% yesterday, losing $1.34 trillion in market capitalization, silver by 8.5% (-$400 billion), the S&P 500 index decreased by 1% (-$620 billion), Nasdaq by over 1.6% (-$600 billion), and cryptocurrencies by 3% (-$70 ...