FAO Vegetable Oil Price Index averaged 154.6 points in April

The FAO Vegetable Oil Price Index averaged 154.6 points in April, entailing a 1.4 percent fall, month-on-month, which mainly reflects developments in the markets of palm, soy and sunflower oils.

International price quotations of palm oil (the oil carrying the highest weight in the index) declined on slowing demand growth and prospective seasonal production gains in Southeast Asia. Meanwhile, soy oil values weakened further, reflecting persistently strong crushing levels among key producers. Conversely, sunflower oil prices firmed, fueled by expectations of tightening global export supplies.