# Upward price trends continue.
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Aveno NV - The one stop shop for all your Oils and Fats

> Palm oil prices surged to a two-year high in the week before October 28, lifting the broader edible oils and fats complex. Commentary notes stagnating palm output and shrinking sunflower and rapeseed production, while eurozone economic weakness and possible ECB rate cuts are part of the backdrop.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27953-upward-price-trends-continue-aveno-nv-the-one-stop-shop-for-all-your-oils-and
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tight palm supply and shrinking sunflower and rapeseed output support higher vegetable oil prices, which tends to lift soyoil and palm oil and can curb demand for oils.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲
- SUNMEAL: bullish ▲

## Sources

- aveno.be: https://www.aveno.be/2024/10/upward-price-trends-continue.html

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