# Palm Oil Prices Surge, Close to Cottonseed Oil for First Time | Ahmedabad News - Times of India

> 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.

- Date: 2024-11-24 · published 2024-11-24T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/27520-palm-oil-prices-surge-close-to-cottonseed-oil-for-first-time-ahmedabad-news
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

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.

## Read by commodity

- CSM: neutral
- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-01-13 | [Palm Oil News - Biodiesel Policy: One Factor to Increase CPO Price](https://feedsoft.ai/events/72873-palm-oil-news-biodiesel-policy-one-factor-to-increase-cpo-price.md) | +0.1% | -0.8% |
| PALMOIL | 2019-12-12 | [Malaysia raises export tax for crude palm oil for first time in over a year - The Business Times](https://feedsoft.ai/events/55463-malaysia-raises-export-tax-for-crude-palm-oil-for-first-time-in-over-a-year-the.md) | -0.0% | +11.2% |
| PALMOIL | 2026-03-31 | [Indonesia’s push for long-delayed B50 mandate set to boost palm oil prices \| KLSE Screener](https://feedsoft.ai/events/20265-indonesia-s-push-for-long-delayed-b50-mandate-set-to-boost-palm-oil-prices-klse.md) | +4.0% | +1.6% |
| PALMOIL | 2016-11-25 | [Indonesia sticks to its guns on B20 biodiesel, despite rising palm oil prices \| New Straits Times](https://feedsoft.ai/events/73758-indonesia-sticks-to-its-guns-on-b20-biodiesel-despite-rising-palm-oil-prices.md) | +3.8% | +5.0% |
| PALMOIL | 2025-08-01 | [Palm Oil News - CPO Reference Price for August 2025 Rises to US$ 910.91 per Ton, Export Levy Reaches US$ 91.09 per Ton](https://feedsoft.ai/events/15540-palm-oil-news-cpo-reference-price-for-august-2025-rises-to-us-910-91-per-ton.md) | +1.5% | +5.3% |
| SBO | 2026-03-31 | [Indonesia’s push for long-delayed B50 mandate set to boost palm oil prices \| KLSE Screener](https://feedsoft.ai/events/20265-indonesia-s-push-for-long-delayed-b50-mandate-set-to-boost-palm-oil-prices-klse.md) | +2.2% | +4.4% |
| SBO | 2024-03-25 | [Biodiesel to drive 2025 palm oil prices: IPOC \| Latest Market News](https://feedsoft.ai/events/15660-biodiesel-to-drive-2025-palm-oil-prices-ipoc-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2023-04-03 | [Oil Prices Jump After Surprise OPEC Production Cut - The New York Times](https://feedsoft.ai/events/7948-oil-prices-jump-after-surprise-opec-production-cut-the-new-york-times.md) | -2.4% | -7.0% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/city/ahmedabad/palm-oil-prices-surge-close-to-cottonseed-oil-for-first-time/articleshow/115634576.cms

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