Falling palm oil quotes increase pressure on sunflower oil and seed prices in Ukraine

India and forecasts of a sharp increase in the harvest in Indonesia amid uncertainty about the implementation of the B50 biofuel program in 2026. December palm oil quotes fell 4.2% to 4,143 ringgit/t or $988/t in the last 7 days (-7.6% in two weeks), adding pressure to neighboring markets. December soybean oil futures on the Chicago Board of Trade fell by 4% on Friday, but have risen by 1.6% since Monday to $1,090/t (-1.4% for the week, -1.7% for the month), despite a sharp speculative increase in soybean quotes by 3.7% for the week in anticipation of China’s resumption of soybean purchases from the US. Prices for Russian sunflower oil, amid increasing supply, fell by $20-30/t to $1,180-1,190/t FOB (for delivery in November) over the week, which led to a decrease in prices for sunflower oil delivered to India by $20-30/t to $1,320-1,330/t CIF Mumbai. Demand prices for sunflower oil in Ukraine also decreased by $20-30/t to $1,230-1,240/t for delivery to ports in November-December, ...