Global: Fall in oil and soybean oil prices has not yet affected palm and sunflower oil prices

This week's 5.4% drop in crude oil prices and 5.3% drop in Chicago soybean oil prices have so far not affected palm and sunflower oil prices, which are supported by a pick-up in physical demand. June Brent oil futures on London's ICE Futures exchange fell 4.7% to $83.8/barrel for the week, and July soybean oil futures on the Chicago Stock Exchange fell 5.2% to $952/barrel. t. A report from the Malaysian Palm Oil Board was more upbeat than traders had expected, with June palm oil futures on Bursa Malaysia falling just 0.8% for the week to RM3,844/t, or $809/t, while the market had expected their sharp decline following oil prices. In March, crude palm oil production in Malaysia increased by 10.57% compared to February to 1.39 million tons, and exports (including to India) by 28.61% to 1.32 million tons, as a result of which stocks decreased by 10.68% to the 10-month low of 1.71 million tons. The world's largest buyer of vegetable oils, India, in April increased palm oil imports ...