Palm oil prices recorded their sharpest rise in seven months amid expectations that India would switch to alternative oils as Black Sea sunflower oil supplies were disrupted. Industry estimates suggested Russian and Ukrainian sunflower oil shipments could be one million tonnes lower in October–December.
Reduced sunflower oil availability could redirect Indian buying toward palm oil and other substitutes, supporting their prices. The size of the impact depends on how much of the shortfall importers replace with alternative oils.
After 62 past bullish geopolitics events, Palm Oil moved a median +2.5% over 5 sessions (74% higher; middle half -0.1% to +5.8%), and +4.0% 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.