Prices for sunflower oil continue their speculative rise, but quotations for palm oil are falling due to decreased demand.

The reduction in sunflower crop forecasts in Ukraine and the restraint in sales by farmers are leading to a further increase in sunflower prices. At the same time, processors are taking advantage of the situation and selling sunflower oil at high prices amid frantic demand. However, it should be noted that global markets are beginning to become saturated with supply, and quotations for palm oil are falling sharply due to reduced demand, which will soon reduce speculative demand for expensive sunflower oil. Demand prices for sunflower oil in Ukraine over the week increased by another 20-30 $/t to 1250–1265 $/t with delivery to ports in November, but offer prices from factories are around 1250 $/t on FCA-factory terms. Demand prices for Ukrainian sunflower oil with delivery to the EU have risen to 1340-1360 $/t DAP Italy, Greece, while demand prices for Ukrainian rapeseed and soybean oil remain at 1220-1260 $/t DAP Poland, Germany. Demand prices for Russian sunflower oil over the ...