The vegetable oil index declined for the fifth time running in April 2023, reaching a level of 130 points. This was down 1.8 points, or 1.3 per cent, on the previous month. Only prices for palm oil remained unchanged from the previous month, whereas sunflower oil, soybean oil and rapeseed oil traded lower.
After a brief upswing in March 2023, palm oil prices virtually remained unchanged in April, as the downward pressure from weak demand was almost offset by limited supply. In contrast, according to investigations conducted by Agrarmarkt Informations-Gesellschaft (mbH), asking prices for soybean oil continued to move downwards.
After a brief upswing in March 2023, palm oil prices virtually remained unchanged in April, as the downward pressure from weak demand was almost offset by limited supply. In contrast, according to investigations conducted by Agrarmarkt Informations-Gesellschaft (mbH), asking prices for soybean oil continued to move downwards.
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