World prices of vegetable oils decreased by 3.9% in September, according to FAO

Global vegetable oil prices decreased by 3.9% in September compared to the previous month, representing the second consecutive monthly decrease. This is clear from the food price index, prepared by the Food and Agriculture Organization of the United Nations (FAO). The drop in the index was due to the decrease in world prices for palm, sunflower, soybean and rapeseed oils. In particular, international palm oil prices continued to decline in September, mainly due to seasonal increases in production in major producing countries in Southeast Asia. World prices for sunflower oil fell significantly, due to “the impact of the harvest of sunflower seeds in the Black Sea region within the framework of the intense marketing activities of farmers,” indicates the FAO. For rapeseed oil, international prices declined due to continued abundant export supplies around the world, while international soybean oil prices also followed the same trend, despite rising prospects. of demand from the ...