# Prices for rapeseed, soybean and sunflower oil have converged: UFOP  : The Daily Digest

> UFOP reported that rapeseed, soybean and sunflower oil prices converged in July 2016. Soybean and sunflower oil were sluggish on abundant feedstock, while rapeseed oil edged up. Palm oil faces downward pressure from record Southeast Asian output expected in 2016/17.

- Date: 2016-08-14 · published 2016-08-14T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/11871-prices-for-rapeseed-soybean-and-sunflower-oil-have-converged-ufop-the-daily
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A rise in the EU greenhouse gas cap to 4% in 2017 is expected to lift biodiesel demand and support rapeseed oil. Record palm output is bearish for vegetable oil prices more broadly.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-08 | [Palm oil beat down vegetable oil prices  : The Daily Digest](https://feedsoft.ai/events/12715-palm-oil-beat-down-vegetable-oil-prices-the-daily-digest.md) | -1.3% | +6.4% |
| PALMOIL | 2017-08-24 | [Malaysian palm oil prices may lose support following US import duty decision  : The Daily Digest](https://feedsoft.ai/events/69556-malaysian-palm-oil-prices-may-lose-support-following-us-import-duty-decision.md) | +0.1% | +6.0% |
| PALMOIL | 2017-08-07 | [Malaysia’s B10 policy hindered by high palm oil prices  : The Daily Digest](https://feedsoft.ai/events/69319-malaysia-s-b10-policy-hindered-by-high-palm-oil-prices-the-daily-digest.md) | +1.6% | +4.0% |
| PALMOIL | 2020-03-16 | [Malaysia to cut CPO export tax to 5% in April following lower prices in Q1  : The Daily Digest](https://feedsoft.ai/events/54011-malaysia-to-cut-cpo-export-tax-to-5-in-april-following-lower-prices-in-q1-the.md) | -1.5% | -4.6% |
| PALMOIL | 2025-01-04 | [Edible Oil Prices in 2025: Palm Oil Drops, Check Latest Mustard and Soybean Oil Rates](https://feedsoft.ai/events/26620-edible-oil-prices-in-2025-palm-oil-drops-check-latest-mustard-and-soybean-oil.md) | +0.3% | +0.2% |
| SBO | 2020-01-20 | [Argentine biodiesel producers stuck between a rock and a hard place at home too  : The Daily Digest](https://feedsoft.ai/events/55173-argentine-biodiesel-producers-stuck-between-a-rock-and-a-hard-place-at-home-too.md) | -5.5% | -8.6% |
| SBO | 2024-01-30 | [Renewable biodiesel and soybean prices: What to expect](https://feedsoft.ai/events/15244-renewable-biodiesel-and-soybean-prices-what-to-expect.md) | +0.0% | -1.4% |
| SBO | 2026-06-01 | [South American soybean oil prices 2026 outlook: supply and demand amid shifting global policies](https://feedsoft.ai/events/19354-south-american-soybean-oil-prices-2026-outlook-supply-and-demand-amid-shifting.md) | -2.0% | -6.1% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/prices-for-rapeseed-soybean-and-sunflower-oil-have-converged-ufop/

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