Vegetable oil prices rose slightly after falling in the previous week

Published 2025년 12월 3일

Tridge summary

Vegetable oil markets remain under pressure from uncertainty over future price trends, although fundamentals point to a decline in demand, but traders are hoping for higher quotes due to reduced sunflower oil supply. Palm oil prices recovered last week and supported soybean and sunflower oil prices, although rapeseed oil prices remained under pressure from rising

Original content

supply. The main reason for the speculative increase in oil and vegetable oil prices was drone attacks in the Black Sea on sanctioned tankers carrying Russian oil, as well as an attack on a Russian vessel carrying Russian sunflower oil. According to the Turkish Ministry of Transport and Infrastructure, the Midvolga 2 tanker, which was heading from the Russian Federation to Georgia with sunflower oil, was attacked 130 km from the Turkish coast. It did not ask for help and continued its movement towards Sinop with its engines running. There was no threat to the lives and health of the 13 crew members. December palm oil futures FCPO1 on Bursa Malaysia rose 4.2% to 4,159 ringgit/t or $1,007/t for the week, recovering a 5.9% drop the previous week, despite a slowdown in November exports and a rise in production. The official data is due on December 10, and the market expects further increases in Malaysian palm oil inventories. However, traders are hoping that the situation will change ...

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