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The Russian Federal Antimonopoly Service began daily monitoring of food prices on March 23, with sunflower oil among the products watched. World sunflower oil prices fell to about $620 per tonne, a record low since 2008, while domestic seed prices in Russia rose as the weaker ruble lifted offers.
Record-low world sunflower oil prices tied to weaker oil markets are being partly offset by ruble-driven domestic increases, and government price monitoring could add policy pressure on Russian oil prices.
ikar.ruMar 25, 2020After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.
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.
