# Vegetable oil prices set to fall

> Oil World executive director Thomas Mielke said record vegetable oil prices are near their peak and likely to fall for the rest of 2021. He attributed the doubling of prices over the past year to a global production deficit, low stocks, and biofuel consumption.

- Date: 2021-03-25 · published 2021-03-25T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12665-vegetable-oil-prices-set-to-fall
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Expected falling veg oil prices reduce the cost of fats used in feed rations, though tight palm supply and biodiesel demand limit the downside.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼
- SUNMEAL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-03-29 | 5 | -8.3% | -3.0 | Oil World's call that record vegetable oil prices are near a peak and will fall prompted sentiment shift and profit-taking. |
| SBO | 2021-03-29 | 1 | -5.2% | -4.0 | Oil World's call that vegoil prices are near a peak encouraged profit-taking after a roughly 30%+ rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-06-16 | [FAO vegetable oil price index falls to eight-month low - Renewable Carbon News](https://feedsoft.ai/events/52705-fao-vegetable-oil-price-index-falls-to-eight-month-low-renewable-carbon-news.md) | +3.0% | +5.3% |
| PALMOIL | 2024-03-27 | [Fitch: Higher global vegetable oil supply to drag CPO prices lower in Q2 \| Malay Mail](https://feedsoft.ai/events/31287-fitch-higher-global-vegetable-oil-supply-to-drag-cpo-prices-lower-in-q2-malay.md) | +3.8% | -2.1% |
| PALMOIL | 2017-04-05 | [FAO Food Price Index dips again in April, led by sugar and vegetable oils](https://feedsoft.ai/events/6872-fao-food-price-index-dips-again-in-april-led-by-sugar-and-vegetable-oils.md) | -0.3% | -1.6% |
| PALMOIL | 2019-05-17 | [FAO vegetable oil price index at eleven-year low - Renewable Carbon News](https://feedsoft.ai/events/59164-fao-vegetable-oil-price-index-at-eleven-year-low-renewable-carbon-news.md) | -1.7% | -2.3% |
| PALMOIL | 2022-08-07 | [Benchmark FAO Food Price Index shows dip in international prices of cereals, vegetable oils and sugar](https://feedsoft.ai/events/40093-benchmark-fao-food-price-index-shows-dip-in-international-prices-of-cereals.md) | +9.5% | +0.6% |
| SBO | 2018-01-21 | [Vegetable oil prices decline to 5-month low  : The Daily Digest](https://feedsoft.ai/events/67047-vegetable-oil-prices-decline-to-5-month-low-the-daily-digest.md) | +1.6% | -2.3% |
| SBO | 2020-06-16 | [FAO vegetable oil price index falls to eight-month low - Renewable Carbon News](https://feedsoft.ai/events/52705-fao-vegetable-oil-price-index-falls-to-eight-month-low-renewable-carbon-news.md) | +2.2% | +2.7% |
| SBO | 2017-04-05 | [FAO Food Price Index dips again in April, led by sugar and vegetable oils](https://feedsoft.ai/events/6872-fao-food-price-index-dips-again-in-april-led-by-sugar-and-vegetable-oils.md) | -1.1% | +2.8% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/vegetable-oil-prices-to-fall

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