Palm oil rose last week, driven by crude oil prices

During the week of February 7-13, vegetable oil prices experienced an increase, with palm oil prices rising by USD 27.00 to 1089.00 USD/t. The rise in palm oil prices was largely due to the influence of crude oil prices. Additionally, palm oil exporters are keeping a close eye on the ceasefire negotiations between Ukraine and Russia. More comprehensive analysis of the latest trends in the oilseeds/vegoils and meals markets, including supply and demand balances, crop conditions, and harvesting progress in the Black Sea Region, is available to subscribers of the online analytical tool, AgriSupp by UkrAgroConsult.

Vegetable oil prices rose over February 7-13. During the week the palm oil price increased by USD 27.00 to 1089.00 USD/t. The vegetable oil market was influenced by crude oil prices. In addition, palm oil exporters are closely monitoring the ceasefire negotiations between Ukraine and russia. More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market ...