Global sunflower oil prices jumped due to China's plans

Published 2024년 9월 25일

Tridge summary

ASAP Agri reported that prices are on a bullish trend due to China's economic and stock market stimulus plans, as per data from Atria Brokers' Bulent Ozsoy. This has notably driven up oil prices, which has also impacted vegetable oil prices. Additionally, oil and refined product quotes on the CBOT exchange saw significant growth in trading on September 24.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This was reported by ASAP Agri with reference to the data of commodity broker at Atria Brokers Bulent Ozsoy. “Prices continue their bullish trend, rising strongly after China unveiled plans to stimulate its economy and stock markets. Oil was one of the first commodities to react, which, accordingly, affected the prices of vegetable oils," experts explain. In ...

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