The fall in palm oil prices is increasing pressure on sunflower oil and seed prices in Ukraine.

The seasonal increase in supply of palm, rapeseed, and sunflower oil is putting pressure on vegetable oil prices, causing importers to reduce demand or switch to cheaper palm oil, while traders lock in profits after speculative growth. The market is most pressured by the drop in palm oil prices in Malaysia, driven by weak import demand from India and forecasts of a sharp increase in production in Indonesia amid uncertainty regarding the implementation of the B50 biofuel program in 2026. December palm oil prices have fallen 4.2% over the last 7 days to 4143 ringgit/ton or $988/ton (-7.6% over two weeks), which has increased pressure on neighboring markets. December soybean oil futures on the Chicago exchange fell 4% on Friday but rose 1.6% to $1090/ton on Monday (-1.4% for the week, -1.7% for the month), despite a sharp speculative increase in soybean prices by 3.7% for the week in anticipation of China resuming soybean purchases from the U.S. Russian sunflower oil prices, amid an ...