# Palm oil beat down vegetable oil prices  : The Daily Digest

> UFOP reports that palm oil prices weakened sharply, reaching their lowest level since August 2016 in Kuala Lumpur. Falling exports, rising production and stocks, and new Indian import duties pulled down vegetable oil prices. Sunflower oil was also pressured by a large northern hemisphere crop.

- Date: 2017-12-08 · published 2017-12-08T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12715-palm-oil-beat-down-vegetable-oil-prices-the-daily-digest
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Broad weakness across palm, soy and sunflower oils lowers the price of fat ingredients for feed, and the Indian duties and US biofuel volume decisions shape future demand.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-07 | 5 | -5.1% | -2.8 | This report ties the palm oil slide to a lowest level since August 2016 on falling exports, rising output and stocks, and new Indian import duties, which together describe the supply, demand and trade-flow drivers. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-06-16 | [U.S. grains: Soybeans down with vegetable oil prices - AgCanada](https://feedsoft.ai/events/6440-u-s-grains-soybeans-down-with-vegetable-oil-prices-agcanada.md) | -2.5% | +4.1% |
| 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 | 2016-08-14 | [Prices for rapeseed, soybean and sunflower oil have converged: UFOP  : The Daily Digest](https://feedsoft.ai/events/11871-prices-for-rapeseed-soybean-and-sunflower-oil-have-converged-ufop-the-daily.md) | +1.6% | +4.8% |
| PALMOIL | 2021-06-16 | [Soybeans hit 2-month low as vegetable oil prices tumble \| Financial Post](https://feedsoft.ai/events/6441-soybeans-hit-2-month-low-as-vegetable-oil-prices-tumble-financial-post.md) | -2.5% | +4.1% |
| SBO | 2021-06-16 | [U.S. grains: Soybeans down with vegetable oil prices - AgCanada](https://feedsoft.ai/events/6440-u-s-grains-soybeans-down-with-vegetable-oil-prices-agcanada.md) | -6.8% | -2.7% |
| SBO | 2017-10-08 | [Soy oil prices declining thanks to drops in U.S. government biodiesel mandates  : The Daily Digest](https://feedsoft.ai/events/68541-soy-oil-prices-declining-thanks-to-drops-in-u-s-government-biodiesel-mandates.md) | +2.4% | +5.2% |
| SBO | 2021-06-16 | [Soybeans hit 2-month low as vegetable oil prices tumble \| Financial Post](https://feedsoft.ai/events/6441-soybeans-hit-2-month-low-as-vegetable-oil-prices-tumble-financial-post.md) | -6.8% | -2.7% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/palm-oil-beat-down-vegetable-oil-prices/

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