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Edible oil prices in India rose over the past three months, with palm oil reaching near parity with cottonseed oil at around $1,200 per tonne for the first time. Industry experts cite Indonesia's B40 biodiesel program, tight sunflower supply and a strong dollar.
Tight palm supply tied to Indonesian biodiesel demand supports vegetable oil prices and keeps the cost of palm-based and substitute oils high for feed buyers.
timesofindia.indiatimes.comNov 25, 2024, 00:31 ISTNov 24, 2024After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
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.
