# Biodisel segment to remain key driver of vegetable oils prices – LMC

> APK-Inform reports LMC International's David Jackson saying vegetable oil prices are rising much faster than crude, supported by lower Malaysian and Indonesian palm output and a 30% Canadian canola crop decline. He expects biodiesel expansion to keep oil demand and prices high, though short-term declines are possible from large soybean and sunflower crops.

- Date: 2021-11-19 · published 2021-11-19T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44129-biodisel-segment-to-remain-key-driver-of-vegetable-oils-prices-lmc
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Tighter palm and canola supplies combined with steady biodiesel demand point to firm vegetable oil prices, which raises the cost of oil-based feed ingredients and canola meal availability.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲
- SUNMEAL: bearish ▼

## Sources

- apk-inform.com: https://www.apk-inform.com/en/news/1523495

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