# After onion, it's turn of edible oil to give price shock | After onion, it's turn of edible oil to give price shock

> Edible oil prices in India are rising as Malaysian and Indonesian biofuel programmes absorb more palm oil. Heavy rain damaged kharif soybean crops, and slow rabi sowing has lifted mustard and soybean seed prices.

- Date: 2019-12-08 · published 2019-12-08T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/12381-after-onion-it-s-turn-of-edible-oil-to-give-price-shock-after-onion-it-s-turn
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Biofuel-driven palm oil demand and Indian crop losses tighten oilseed supply and support vegetable oil prices for a major importer.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-04-22 | [Global edible oil markets simmer after shock Indonesia ban](https://feedsoft.ai/events/14037-global-edible-oil-markets-simmer-after-shock-indonesia-ban.md) | +1.1% | -2.1% |
| PALMOIL | 2023-04-03 | [Oil Prices Jump After Surprise OPEC Production Cut - The New York Times](https://feedsoft.ai/events/7948-oil-prices-jump-after-surprise-opec-production-cut-the-new-york-times.md) | -2.6% | -15.2% |
| PALMOIL | 2021-09-13 | [Biofuel Refining Drives Edible Oil Prices \| Food Processing](https://feedsoft.ai/events/45150-biofuel-refining-drives-edible-oil-prices-food-processing.md) | +0.8% | +13.3% |
| PALMOIL | 2026-04-14 | [Malaysia to tap idle biodiesel capacity to cushion fuel price shocks \| S&P Global](https://feedsoft.ai/events/15477-malaysia-to-tap-idle-biodiesel-capacity-to-cushion-fuel-price-shocks-s-and-p.md) | -0.7% | -0.2% |
| PALMOIL | 2022-05-18 | [Indonesia's Domestic Market Obligation U-Turn Positive for CPO Price](https://feedsoft.ai/events/15825-indonesia-s-domestic-market-obligation-u-turn-positive-for-cpo-price.md) | +2.0% | -6.7% |
| SBO | 2022-04-22 | [Global edible oil markets simmer after shock Indonesia ban](https://feedsoft.ai/events/14037-global-edible-oil-markets-simmer-after-shock-indonesia-ban.md) | +3.2% | -4.4% |
| SBO | 2017-02-26 | [Edible oil prices to rebound \| News on Markets - Business Standard](https://feedsoft.ai/events/7063-edible-oil-prices-to-rebound-news-on-markets-business-standard.md) | +5.4% | -0.5% |
| SBO | 2023-04-03 | [Oil Prices Jump After Surprise OPEC Production Cut - The New York Times](https://feedsoft.ai/events/7948-oil-prices-jump-after-surprise-opec-production-cut-the-new-york-times.md) | -2.4% | -7.0% |

## Sources

- asianage.com: https://www.asianage.com/business/in-other-news/091219/after-onion-its-turn-of-edible-oil-to-give-price-shock.html

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