# Prices for sunflower oil continue to decline

> Egyptian buyer GASC purchased about 51.5 thousand tons of vegetable oil for October 25 to November 10 delivery, including 10 kt of sunflower oil from ADM and 11.5 kt from Aston at $719/t. Sunflower oil prices were $719-731/t, down $17/t from the previous tender, while 30 kt of soybean oil was bought at $698.7/t. Palm and soybean oil prices had begun to recover after a long decline.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/63119-prices-for-sunflower-oil-continue-to-decline
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower sunflower oil tender prices signal weak edible oil demand, but the rebound in palm and soybean oil and firmer Indian demand for sunflower oil may limit further downside. Feed buyers should expect vegetable oil prices to stay range-bound.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-08-05 | [New flood of soybean oil not expected to affect prices](https://feedsoft.ai/events/45653-new-flood-of-soybean-oil-not-expected-to-affect-prices.md) | +0.5% | -8.5% |
| SBO | 2018-05-03 | [Malaysian palm oil price slides to 16-month low on weak demand \| The Star](https://feedsoft.ai/events/6612-malaysian-palm-oil-price-slides-to-16-month-low-on-weak-demand-the-star.md) | +1.6% | +2.5% |
| SBO | 2024-06-04 | [India Sees Surge in Palm Oil Imports Amid Price Correction \| Headlines](https://feedsoft.ai/events/8033-india-sees-surge-in-palm-oil-imports-amid-price-correction-headlines.md) | +0.5% | +4.7% |
| SBO | 2021-07-01 | [India’s lower import duty a boon to Malaysia’s palm oil](https://feedsoft.ai/events/45940-india-s-lower-import-duty-a-boon-to-malaysia-s-palm-oil.md) | -2.1% | +1.6% |
| SBO | 2021-02-11 | [Egypt's GASC gets offers in soyoil, sunflower oil tender - Markets - Business Recorder](https://feedsoft.ai/events/48730-egypt-s-gasc-gets-offers-in-soyoil-sunflower-oil-tender-markets-business.md) | +1.7% | +18.5% |
| PALMOIL | 2023-11-22 | [Global soybean oil prices continue to rise amid tight supply](https://feedsoft.ai/events/33253-global-soybean-oil-prices-continue-to-rise-amid-tight-supply.md) | -0.5% | -2.9% |
| PALMOIL | 2021-04-14 | [High demand supports the purchase price of sunflower in Ukraine](https://feedsoft.ai/events/47712-high-demand-supports-the-purchase-price-of-sunflower-in-ukraine.md) | +3.9% | +15.3% |
| PALMOIL | 2020-11-11 | [Chinese demand for agricultural commodities continues to support global prices: Grain Market Daily \| AHDB](https://feedsoft.ai/events/12425-chinese-demand-for-agricultural-commodities-continues-to-support-global-prices.md) | +2.4% | +5.7% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-sonyashnikovu-oliyu-prodovzhuyut-znizhuvatisya.html

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