# Palm oil prices are rising, while soybean oil prices are falling due to speculative market sentiment 08.12.2021 - UkrAgroConsult

> Palm oil futures in Malaysia rose about 3.8% to 4,929 ringgit per ton as speculative buying and strong demand supported prices. Chicago soybean oil futures fell 1.9% after the US government proposed cutting the biofuel volumes refiners must blend in 2022. Indonesia extended its B30 biodiesel program into 2022 and raised its palm oil production forecast.

- Date: 2021-12-08 · published 2021-12-08T12:00:00.000Z
- Category: policy · region Global · magnitude high
- Page: https://feedsoft.ai/events/43701-palm-oil-prices-are-rising-while-soybean-oil-prices-are-falling-due-to
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The proposed US biofuel volume cut removes a major demand pillar for soybean oil, pressuring prices, while palm oil gains on Indonesian biodiesel demand and strong import interest. The divergence shifts vegetable oil demand toward palm.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-02-25 | [Sunseed prices continue to rise in Ukraine, but vegetable oil markets have seen a drop in prices](https://feedsoft.ai/events/26191-sunseed-prices-continue-to-rise-in-ukraine-but-vegetable-oil-markets-have-seen.md) | -5.4% | -5.4% |
| SBO | 2025-06-02 | [Soybean oil quotations are declining against the backdrop of uncertainty in the US biofuel market and falling oil prices, but the reduction of duties in India will strengthen demand](https://feedsoft.ai/events/10944-soybean-oil-quotations-are-declining-against-the-backdrop-of-uncertainty-in-the.md) | -2.3% | +5.8% |
| SBO | 2021-06-25 | [Expected end to soy oil run likely to impact canola price - UkrAgroConsult](https://feedsoft.ai/events/46689-expected-end-to-soy-oil-run-likely-to-impact-canola-price-ukragroconsult.md) | +2.9% | +3.6% |
| SBO | 2024-04-01 | [Why are RIN Prices Falling? - Decision Innovation Solutions](https://feedsoft.ai/events/15220-why-are-rin-prices-falling-decision-innovation-solutions.md) | +0.2% | -5.4% |
| SBO | 2025-06-02 | [Soybean oil prices fall amid uncertainty over US biofuel market and falling oil prices, but India's tariff cuts will boost demand](https://feedsoft.ai/events/10948-soybean-oil-prices-fall-amid-uncertainty-over-us-biofuel-market-and-falling-oil.md) | -2.3% | +5.8% |
| PALMOIL | 2022-07-12 | [Canola and rapeseed prices continue to recover after falling 12.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/12501-canola-and-rapeseed-prices-continue-to-recover-after-falling-12-07-2022.md) | -5.2% | -5.0% |
| PALMOIL | 2022-02-10 | [Indonesia expands domestic market obligations to cover all palm oil exports 10.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/42801-indonesia-expands-domestic-market-obligations-to-cover-all-palm-oil-exports-10.md) | -0.2% | +19.9% |
| PALMOIL | 2024-03-25 | [Biodiesel to drive 2025 palm oil prices: IPOC \| Latest Market News](https://feedsoft.ai/events/15660-biodiesel-to-drive-2025-palm-oil-prices-ipoc-latest-market-news.md) | +0.1% | -1.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/palm-oil-prices-are-rising-while-soybean-oil-prices-are-falling-due-to-speculative-market-sentiment/

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