In April, the average value of the FAO Vegetable Oil Price Index continued to decline to 130 points, down 1.3% from March, according to the press service of the organization. The decline continues for the sixth month in a row.
“The drop in the price index was due to the combined effect of stable world prices for palm oil and the decline in the quotations of soybean, rapeseed and sunflower oils” explain the experts.
So, in April, prices for palm oil remained virtually unchanged, although in March, quotations for this product returned to a small phase of growth. This time, the downward trend as a result of sluggish import demand was balanced by rather low supply volumes from leading producers.
Soybean oil prices fell once again: in April it was influenced by forecasts of a record soybean crop in Brazil.
Prices on rapeseed and sunflower oil continued to fall for the sixth month in a row, which is explained by specialists of FAO with significant stocks of these products in the world.
Import/Export Statistics
Please click to reach our marketplace
The following reports may be of interest to you:
Related posts:
Indonesia Plans to Limit Palm Oil Exports 
Turkish Grain Board to Hold a Tender for Sunflower Oil 
Hungary Extended Sunflower Oil Price Freeze Period 
European Union to Raise One Billion Dollars for the “Solidarity Routes” Ukraine May Reduce the Acreage of Sunflower, Which Will Lead to an Increase in Prices 
The Head of VTB Proposes to Restrict the Business With Agricultural Commodities of Global Traders 
Russia Doubles Its Sunflower Seed Harvest 
A Good Harvest Of Sunflowers Is Expected In Kazakhstan