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European animal fat prices rose about 10% month on month in April after a six-month slump. Buyers are substituting animal fats for vegetable oils, which rallied with crude oil on the Middle East war.
US biofuel producers have also returned to the import market ahead of EPA's record 2026/27 biofuel volume obligations.
Stronger vegetable oil prices and biofuel-driven demand make animal fats more competitive, which supports their prices. Vegetable oil values are also being lifted by the energy rally and biofuel policy.
ofimagazine.comQuartz Business MediaMay 26, 2026After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
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.
