Loading…
Soybean oil hit a record for the past eight years, breaking 10,000 yuan per tonne on September 27. Palm oil reached 9,760 yuan, its highest level in eight years.
Both rose over the month, with palm oil gaining 5.56% and soybean oil 4.58%.
Record vegetable oil prices raise the cost of oilseed-based feed ingredients and tighten margins for feed producers in China.
sunsirs.comSep 29, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Soybean oil and palm oil hit eight-year highs in China on Sept 27, indicating strong vegetable oil momentum that coincided with the one-day jump, though it was published after the move and partly reflects it.
Palm and soybean oil both hit eight-year highs in late September, showing broad vegetable oil upward momentum that fed the 5-day move.
