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Vegetable oil prices have risen more than 50% over six months due to labour shortages in Malaysia and droughts in Argentina and Canada. Supply disruptions have left global buyers with few alternatives to Indonesian palm oil.
Lack of substitutes keeps vegetable oil prices elevated, supporting soybean oil and raising costs for feed fat users.
reuters.comRajendra JadhavApr 25, 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.
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.
