# The rise in the price of palm oil supports sunflower prices 16.11.2021 - UkrAgroConsult

> Russian sunflower seed purchase prices fell as sunflower oil prices and export duties weighed. Palm oil futures gained on higher exports, supporting Black Sea sunflower oil export prices.

- Date: 2021-11-16 · published 2021-11-16T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/44176-the-rise-in-the-price-of-palm-oil-supports-sunflower-prices-16-11-2021
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Palm oil strength supports vegetable oil values, while falling Russian seed prices reflect weaker domestic oil margins.

## Read by commodity

- PALMOIL: bullish ▲
- SUNMEAL: neutral

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/the-rise-in-the-price-of-palm-oil-supports-sunflower-prices/

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