Prices for sunflower oil rose sharply after China presented plans to stimulate its economy
Buyers’ prices for sunflower oil FOB 6 ports soared to $ 1100/t. This is $50/t higher than the price that was recorded on September 20, said Bulent Ozsoy, commodity broker at Atria Brokers.
As of September 24, prices continue to rise rapidly after China unveiled plans to stimulate its economy and stock markets. Oil was one of the first commodities to react, which had a corresponding impact on vegetable oil prices.
On the CBOT exchange, oilseeds and processed products reacted similarly, actively growing at the auction on September 24.
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