Import market for Canola Oil in Pakistan (6월, 2022)

The article highlights a significant increase in the price difference between US and South American soybean oil, with the former having a premium of nearly $150 per ton more than the latter. This gap has widened from April's $130 per ton, driven by a stronger supply-demand balance in the US, which consumes 93% of its soybean oil production. In contrast, global markets, particularly Brazil and Argentina, are more influenced by external demands. The article also addresses the impact of geopolitical factors and environmental conditions on vegetable oil supplies, contributing to a sharp increase in soybean oil prices. Additionally, the article discusses the logistical challenges faced by Ukraine, a major producer and exporter of sunflower seeds and oil, due to the conflict, leading to rerouting of exports and significant fluctuations in the marketing year's export forecasts.