Rapool's weekly rapeseed and canola update says vegetable oil prices have risen to their highest in over three years, with the OIL WORLD edible oil index at 201-205 points in March versus 177 a year earlier. Biodiesel and HVO have become more competitive versus mineral diesel, but the extent of energy-sector vegetable oil demand growth is uncertain.
Record global rapeseed supplies cap the rally.
Higher energy prices are lifting vegetable oil values and biofuel feedstock demand, which supports rapeseed and canola, but record supplies limit the upside. Traders should watch whether biofuel demand actually materialises.
Not enough comparable past events yet for a historical read.
Not 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.