top of page
Mid June
The US Dollar Index (DXY) remains around 99.8–100.0. A stronger dollar typically limits commodity rallies by making imports more expensive, remaining a bearish macro factor for vegetable oils.
The Baltic Dry Index continues to weaken. Lower freight rates reduce delivered costs for importers and increase competitiveness among exporters, which is slightly bearish for FOB vegetable oil prices.
The Russian ruble remains relatively strong around 71–73 per $, reducing margins for
start of may
Global vegetable oil markets remain structurally bullish. Despite periodic corrections, the overall vegetable oil complex continues showing strong underlying fundamentals.
May 7
End of April
Near-term vegetable oil markets remain supported by crude oil, biodiesel demand, and logistics risks. However, growing supply from Argentina, Russia, and the EU new crop is building forward pressure.
Apr 28
Late April
Geopolitical risks remain elevated, particularly in the Middle East. In the Black Sea, intensified strikes on Ukrainian ports are increasingly disrupting exports and complicating logistics. Elevated freight and logistics costs continue to support delivered prices despite weaker fundamentals.
Apr 20
bottom of page