# Latam soybean oil prices skyrocket above historical $1,900/mt 03.05.2022 - UkrAgroConsult

> South American soybean oil FOB prices rose above $1,900 per tonne for the first time, with Argentine and Brazilian quotes at record levels in late April. The move followed Indonesia's April 28 ban on palm oil shipments and the loss of Black Sea sunflower oil supplies.

- Date: 2022-05-03 · published 2022-05-03T12:00:00.000Z
- Category: market · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/41481-latam-soybean-oil-prices-skyrocket-above-historical-1-900-mt-03-05-2022
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Record South American soybean oil prices reflect tight global edible oil supply, which keeps vegetable oil and soybean oil prices firmly bullish for feed buyers.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/latam-soybean-oil-prices-skyrocket-above-historical-1900-mt/

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