It seems that the uncertainty in the market continues to grow and that it is mainly a matter of guessing what awaits us in the near future. The following factors play a significant role in this uncertainty; The ongoing conflict in Ukraine still has a lot of influence on the global market. This may change if and when an export corridor will be constructed outside the conflict area, but there is no real certainty about this.
In addition, both the lockdowns in China and the constant changes in policy by the Indonesian government are creating a market where no one knows exactly where they stand. The markets and all their uncertainties do not look set to disappear or diminish enormously in the short term. In this respect, it promises to be a turbulent time in the vegetable oil market.
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