# June Outlook Report: Nuts and Oils

> A Tridge monthly outlook reports stable peanut prices, neutral almond estimates and falling walnut prices on favorable conditions. Hazelnut production is estimated at 1.29 million tonnes for 2023/24, up 5%. Palm oil ended May at $927.5 per tonne with a bearish bias, and rapeseed oil and sunflower oil also softened.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7323-june-outlook-report-nuts-and-oils
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Mostly nut-focused commentary with limited relevance to feed ingredients. Bearish palm, rapeseed and sunflower oil trends modestly weigh on vegetable oil meal and fat alternatives.

## Read by commodity

- PALMOIL: bearish ▼
- SUNMEAL: bearish ▼

## Sources

- tridge.com: https://www.tridge.com/market-reports/june-outlook-report-coffee-sugar-and-value-added-products-sm1h883tdt

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