# The vegetable oil markets have fallen due to forecasts of a sharp reduction in demand

> Vegetable oil markets fell after coronavirus spread outside Asia, with Brent down sharply and palm oil and soybean oil dropping 3-4%. Malaysian palm output rose 17.4% in early February, adding pressure, and Ukrainian sunflower oil fell toward November lows.

- Date: 2020-02-25 · published 2020-02-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10637-the-vegetable-oil-markets-have-fallen-due-to-forecasts-of-a-sharp-reduction-in
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower vegetable oil prices reduce the cost of competing oils and weigh on soybean meal and sunflower meal values, while demand concerns persist.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- PALMOIL: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/rinki-roslinnih-olij-obvalilisya-cherez-prognozi-rizkogo-skorochennya-popitu.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.