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Indian rice bran, traditionally used as cattle and poultry feed, has become sought after as India, the largest vegetable oil importer, seeks edible oil substitutes amid global supply disruptions. Oil mills are increasingly extracting rice bran oil for consumers.
Diversion of rice bran to oil extraction tightens feed-grade by-product supply and may lift prices for livestock feed inputs. Higher vegetable oil demand supports palm and soy oil prices.
reuters.comRajendra JadhavJul 1, 2022After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
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.
