Sunseed prices in Ukraine fall following the fall in vegetable oil prices

Published 2025년 4월 10일

Tridge summary

President Trump has imposed a 90-day delay on tariffs, excluding China, to halt the global trade war, amidst concerns over slowing economies impacting oil demand. This comes as a pause amidst escalating US-China tensions, leading to a decline in oil, biofuels, and vegetable oil prices. Notably, June Brent crude futures experienced a significant drop of 25% in two weeks, recovering slightly, while June palm oil futures saw an 8.9% decrease. May soybean oil futures, however, rose by 2.7% in anticipation of increased US biodiesel subsidies in 2026. The agricultural market is currently facing challenges, with sunflower oil and sunseed prices dropping in Ukraine, and the industry's future to be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24. The situation highlights the uncertainties and potential risks to global oil markets, particularly due to the ongoing US-China trade tensions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Yesterday, Trump announced a 90-day deferral of tariffs on all countries except China, effectively “pausing” the trade war against the world. But the escalation between the US and China continues to weigh on oil prices, given the potential for a drop in global demand as both countries’ economies slow. Following oil quotes, prices for biofuels and vegetable oils continue to fall, leading to lower prices for sunflower oil and sunseed in Ukraine. June Brent crude futures, after falling 25% over the past two weeks, rose 3.6% yesterday to $65.3/barrel (-14.8% for the week). June palm oil futures on the Bursa Malaysia exchange fell 4.5% to 4,146 ringgit/t or $923/t on Monday (-8.9% for the week) following the drop in oil prices. On the Dalian exchange, the most active soybean oil contract fell 0.89% yesterday, while palm oil CPO1 fell 1.9%. May soybean oil futures on the Chicago Board of Trade, after falling 7.8% over the previous 7 days, rose 2.7% yesterday to $1,018/t (+9.2% ...

Source: UkrAgroConsult