Prices for palm and sunflower oil have stabilized, but for soy oil they continue to rise.

Oil prices, following a recent speculative rise that supported the quotations of vegetable oils, this week moved into a decline. Since Monday, April futures for Brent crude oil fell by 3% to $67.3/barrel (after last week's increase of 7%) and will continue to decline amid US negotiations with Iran. March futures for palm oil on the Bursa Malaysia exchange fell by 0.7% over the week to 4213 ringgit/ton or $1070/ton, but are still at the highest level since October due to active exports to India. Palm oil exports from Malaysia in January increased by 14.9-17.9% compared to December to 1.2-1.245 million tons, which supports prices. March futures for soybean oil on the CBOT traded at $1200/ton (+9% for the month) amid reduced stocks in South America. It should be noted that soybean oil prices in Brazil also remain stable at $1190-1200/ton FOB, despite increased yield forecasts and high harvesting rates, since soybeans have already been harvested on 10% of the area. Therefore, in the ...