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The FAO vegetable oil index rose 2.43% in July 2024, and palm oil prices reached USD 885/mt on higher Malaysian exports. Argentine soybean oil fell to USD 945/mt on global surpluses, while Ukrainian sunflower oil prices eased to USD 930/mt.
Expected La Niña disruptions and strong palm exports support vegetable oil prices, while US and Argentine soybean oil supply surpluses weigh on soy oil values.
tridge.comVictor LangatAug 26, 2024Not 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.
