# Drop of vegetable oil markets puts pressure on the purchasing prices for sunflower

> Palm and soybean oil prices fell on weak demand from China and India and rising palm output expectations. Chinese soybean duty removal had no effect on soybean quotes, which stayed near $332/t amid a record Brazilian crop. Ukrainian sunflower oil prices dropped as a result.

- Date: 2020-02-20 · published 2020-02-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10638-drop-of-vegetable-oil-markets-puts-pressure-on-the-purchasing-prices-for
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Soft vegetable oil and soybean prices lower sunflower and soy-derived feed input costs, while record Brazilian supply limits rallies.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼
- SUNMEAL: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/padinnya-rinkiv-roslinnih-olij-tisne-na-zakupivelni-tcini-na-sonyashnik.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.