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The FAO Vegetable Oil Price Index rose 2.3% month on month in November to 154.7 points, ending seven months of decline. Gains in palm and soybean oil offset weaker rapeseed and sunflower oil, and Canadian canola quotes fell over the week.
Rising palm and soy oil prices firm the vegetable oil complex, while falling rapeseed prices keep meal-linked oilseed supply costs contained.
tridge.comNur HameedDec 6, 2022Not 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.
