# Sunflower prices fall after the price of plant oil

> Sunflower prices in Ukraine fell after vegetable oil prices weakened, with palm oil at a two-year low near $582.5/t and Chicago palm futures at 2.5-year lows. Ukrainian sunflower oil dropped to $720-725/t FOB Black Sea, and processors cut seed bids by 500-800 UAH/t. Larger expected 2018 sunflower plantings in Ukraine and Russia add pressure.

- Date: 2018-06-14 · published 2018-06-14T12:00:00.000Z
- Category: market · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/64620-sunflower-prices-fall-after-the-price-of-plant-oil
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker vegetable oil demand from China and India and rising new-crop sunflower acreage point to lower sunflower oil and seed prices, with knock-on softness for sunflower meal values.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2018-06-14 | 1 | -2.1% | -3.1 | Palm oil at two-year lows and weak vegetable oil prices on 2018-06-14 point to competing-oil pressure on soybean oil, a same-day substitution and sentiment effect. |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-sonyashnik-padayut-slidom-za-tcinami-na-roslini-olii.html

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