Once again, the prices of vegetable oils appreciated during the last month, with the sole exception of coconut oil, and despite the weakness shown by the energy sector as a result of the COVID situation, which is not fully channeled.
The main reasons that have pushed prices up are:
• critical situation of rapeseed in Canada
• tight palm balance in Asia, mainly in Malaysia
• Sunflower production in Russia will end below expectations.
The attached table shows the prices of the main oils and other reference values and their variation in the last 4 weeks:
In order to better understand these and other points, we invite you to download and continue reading the LIPSA market report that we attach below, where you can find out first-hand about:
1-Evolution of the reference markets
2-Palm Oil (CPO)
3-Lauric Oils (PKO + CNO)
4-Rapeseed Oil (RSO)
5-Soybean Oil (SBO)
6-Sunflower Oil (SFO)