# Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply

> Palm oil has become the most expensive vegetable oil, with its premium over rival oils at a record level. The Ukraine war has halted sunflower oil supplies. Dealers say the price gap could push price-sensitive consumers in Asia and Africa to cut consumption or switch to soyoil.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42377-palm-oil-becomes-costliest-vegoil-as-ukraine-war-halts-sunoil-supply
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Loss of sunflower oil exports from the Black Sea, combined with a record palm premium, pushes buyers toward soyoil and reduces vegetable oil demand, which is a key input for feed fat and meal markets.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-03-01 | 5 | +15.0% | 4.4 | Palm became the costliest vegoil as the war halted sunoil supply, showing tight vegoil supply and strong price momentum in palm. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-02-23 | [Ukraine crisis threatens sunoil supply, fuels vegoils rally](https://feedsoft.ai/events/8757-ukraine-crisis-threatens-sunoil-supply-fuels-vegoils-rally.md) | +15.0% | +10.6% |
| PALMOIL | 2026-07-24 | [Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply - Markets - Business Recorder](https://feedsoft.ai/events/11578-physical-oil-prices-jump-with-some-nearing-110-as-iran-ukraine-wars-hit-supply.md) | -0.2% | +3.0% |
| PALMOIL | 2022-02-23 | [Palm hits all-time high on supply concerns due to Ukraine crisis - Markets - Business Recorder](https://feedsoft.ai/events/42798-palm-hits-all-time-high-on-supply-concerns-due-to-ukraine-crisis-markets.md) | +15.0% | +10.6% |
| PALMOIL | 2022-11-01 | [Palm oil surges nearly 5% on worries over Black Sea supplies - Markets - Business Recorder](https://feedsoft.ai/events/8072-palm-oil-surges-nearly-5-on-worries-over-black-sea-supplies-markets-business.md) | +13.1% | +9.0% |
| PALMOIL | 2022-11-01 | [Vegetable oil futures surge as Russia-Ukraine grain deal comes to abrupt end 01.11.2022 - UkrAgroConsult](https://feedsoft.ai/events/8076-vegetable-oil-futures-surge-as-russia-ukraine-grain-deal-comes-to-abrupt-end-01.md) | +13.1% | +9.0% |
| SBO | 2022-02-23 | [Ukraine crisis threatens sunoil supply, fuels vegoils rally](https://feedsoft.ai/events/8757-ukraine-crisis-threatens-sunoil-supply-fuels-vegoils-rally.md) | +3.8% | -0.7% |
| SBO | 2026-07-24 | [Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply - Markets - Business Recorder](https://feedsoft.ai/events/11578-physical-oil-prices-jump-with-some-nearing-110-as-iran-ukraine-wars-hit-supply.md) | -6.6% | -2.1% |
| SBO | 2022-02-23 | [Palm hits all-time high on supply concerns due to Ukraine crisis - Markets - Business Recorder](https://feedsoft.ai/events/42798-palm-hits-all-time-high-on-supply-concerns-due-to-ukraine-crisis-markets.md) | +3.8% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/palm-oil-becomes-costliest-vegoil-ukraine-war-halts-sunoil-supply-2022-03-01/

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