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Ukrainian and Russian sunflower oil offers held near $770-780/t FOB for July-August delivery, but buyer activity was weak. Egypt's GASC cancelled a 40,000-tonne vegetable oil tender over high prices, while Malaysian palm oil futures recovered to 2,361 ringgit per tonne on Chinese demand.
High vegetable oil prices are curbing import demand, which could cap prices if buying stays weak, but firm palm oil and Chinese demand provide support for feed fat costs.
graintrade.com.uaJun 18, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
