Declining crude oil and vegetable oil prices lower prices for sunflower seeds and oil in Ukraine

The article discusses the impact of US tariffs and threats of tariffs on the global economy and financial markets. It highlights a decline in the US stock market and prices of crude oil and vegetable oil due to increased economic risks. Specifically, Brent crude futures fell 2.1% to $71/barrel and 6.3% in two weeks, driven by expectations of decreased global demand and OPEC+ production increase. Vegetable oil prices also dropped, with palm oil futures in India falling 3.1% to a monthly low of 4,349 ringgit/or $975/t due to weak export demand and increased production forecasts. Soybean oil futures in Chicago fell 7.5% to $943/tonne due to improved harvest prospects and China's tariff on American soybeans. In Ukraine, sunflower oil demand prices and sunflower purchase prices also decreased, affecting processing margins and pushing sunseed purchase prices down.

Trump’s imposition of tariffs on goods from Canada, Mexico, and China, as well as threats to impose tariffs on goods from the EU, led to a fall in the US stock market and crude oil and vegetable oil prices due to increased risks of a slowdown in the US and global economies. May Brent crude futures fell 2.1% to $71/barrel in the week and lost 6.3% in two weeks on expectations of a decline in global demand due to a global economic slowdown and disruptions to supply chains. Prices are also under pressure from the news that OPEC+ will continue its planned production increase in April. April palm oil futures on the Bursa exchange fell 3.1% yesterday to a monthly low of 4,349 ringgit/or $975/t (-5% for the week). Weak export demand at the start of Ramadan and forecasts of increased palm and soybean oil production in the second half of the year are adding pressure on vegetable oil prices. According to dealers, India increased palm oil imports by 36% in February compared to January ...