This week, after a long period of stability they fell by $5 to $750/MT (FOB). In the future, the decline may continue, experts say "Sovekon".

At the end of last week, the Indian government sharply raised the import duty on vegetable oil to encourage domestic production. Duty on crude sunflower oil rose from 12.5% to 25%.

India – the world's largest importer of palm, soy and sunflower oils. In 2016/17 the import of palm oil was 9.2 million tonnes, soya – 3.4 million tons, sunflower oil – by 2.1 million t

The main supplier of sunflower oil to India, Ukraine, in the 2016/17 season she has put 2 million tons of oil. Russian shipments amounted to 28 thousand tons.

The increase in Indian duties caused a drop in prices of palm and soybean oil in Chicago this week to month lows.

Photo: agrostory.com