The increase in sunflower oil prices in Ukraine will be limited by the decrease in palm oil prices

In Ukraine, against the backdrop of increased demand, during the week, sunflower oil prices rose by $15-20/t to $800-815/t with delivery to Black Sea ports, $840-950/t with delivery to Belarus and $890/t with delivery to Italy. Against the backdrop of rising palm oil prices, importers have stepped up purchases of cheaper sunflower oil. According to Trading Economics, for the week the average price of sunflower oil delivered to customers increased by 2.9% to $880/t. Palm oil fell on expectations of lower oil prices as tensions eased in the Middle East as Israel withdrew some troops from the southern Gaza Strip. May palm oil futures in Malaysia were down 2.5% in three sessions to 4,298 ringgit/t or $905/t (+0.7% for the week). After April 9, when the Ramadan celebration ends, the number of workers on the plantations will increase, so production will increase in April. The Palm Oil Board of Malaysia will release its production, export and reserves report on April 15, instead of the ...