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Soybean oil FOB prices in Argentina and Brazil surged above $1,900/mt, record highs, on April 28. Prices have risen since late February after the Russia-Ukraine war disrupted Black Sea sunflower oil supply.
Tight global edible oil supplies and Indonesia's palm export ban push vegetable oil prices higher, raising the cost of soybean meal crushing margins and substitute oils for feed and food users.
spglobal.comJose Roberto GomesApr 29, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
