# Update of edible oil prices to November 2024 - PricePedia

> PricePedia's financial index of edible oil prices fell after a bullish phase starting in September 2024. Palm oil growth was driven by Indonesian and Malaysian biodiesel demand, Thai export bans, and tree aging, plus fertilizer disruptions from the Ukraine war.

- Date: 2024-11-25 · published 2024-11-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11133-update-of-edible-oil-prices-to-november-2024-pricepedia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Biodiesel-driven demand and export restrictions tightened palm supply, lifting edible oil prices. The recent decline eases pressure on feed fat costs, though supply constraints remain.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-12-01 | [The fall in the price of oil pulls down quotes for vegetable oils 01.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/5260-the-fall-in-the-price-of-oil-pulls-down-quotes-for-vegetable-oils-01-12-2021.md) | -3.6% | -6.2% |
| PALMOIL | 2020-09-30 | [Prices for vegetable oil are falling after oil quotations](https://feedsoft.ai/events/51197-prices-for-vegetable-oil-are-falling-after-oil-quotations.md) | -2.4% | +1.7% |
| PALMOIL | 2025-04-07 | [Palm and Soy Oil Prices Drop as Oil Prices Decline](https://feedsoft.ai/events/9631-palm-and-soy-oil-prices-drop-as-oil-prices-decline.md) | -2.5% | -6.2% |
| PALMOIL | 2020-03-09 | [Oil plunges 25%, hit by erupting Saudi-Russia oil price war](https://feedsoft.ai/events/4419-oil-plunges-25-hit-by-erupting-saudi-russia-oil-price-war.md) | -6.5% | -12.1% |
| PALMOIL | 2020-03-11 | [Ag Markets Feel Pinch As Oil Prices Plunge - ProAg](https://feedsoft.ai/events/54223-ag-markets-feel-pinch-as-oil-prices-plunge-proag.md) | -3.6% | -5.9% |
| SBO | 2021-05-19 | [Oil prices dive $2 on fears of Asian pandemic, possible U.S. rate hikes \| Reuters](https://feedsoft.ai/events/47009-oil-prices-dive-2-on-fears-of-asian-pandemic-possible-u-s-rate-hikes-reuters.md) | -1.2% | -7.5% |
| SBO | 2021-12-01 | [The fall in the price of oil pulls down quotes for vegetable oils 01.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/5260-the-fall-in-the-price-of-oil-pulls-down-quotes-for-vegetable-oils-01-12-2021.md) | +1.4% | +1.8% |
| SBO | 2020-09-30 | [Prices for vegetable oil are falling after oil quotations](https://feedsoft.ai/events/51197-prices-for-vegetable-oil-are-falling-after-oil-quotations.md) | +1.3% | +3.8% |

## Sources

- pricepedia.it: https://www.pricepedia.it/en/magazine/article/2024/11/25/update-to-november-2024-edible-oil-prices/

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