Estandar reference pricing is down 0.4 percent from a month ago, while refined is up 0.2 percent. Estandar pricing has seen little volatility, but in an average season, pricing would be expected to pick up slightly after the end of the crush campaign, but it may be that prices this year will behave less typically and hold steady. The market is still recovering from the aberrant patterns seen in 2017/18 to some extent, but the low volatility of prices in the last three months suggests that the trade is comfortable at current prices. Any predictions, too, must contend with the current scenario of trade and economic uncertainty.

Estandar reference pricing history

Source: SNIIM, McKeany-Flavell
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