# Latam soybean oil prices skyrocket above historical $1,900/mt | S&P Global

> 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.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: market · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/41927-latam-soybean-oil-prices-skyrocket-above-historical-1-900-mt-s-and-p-global
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/042922-latam-soybean-oil-prices-skyrocket-above-historical-1900mt

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