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Lipsa's monthly report notes a sharp fall in palm oil prices on expected seasonal production recovery and a correction after palm traded at a premium to other oils. Rapeseed oil rose to multi-month highs on tighter European supply, while sunflower oil fell less than palm and soy.
Palm and soy oil weakness reflects expected supply growth, while tighter European rapeseed supply supports that oil. Lower vegetable oil prices can ease meal and oil input costs for feed buyers.
lipsa.esMay 3, 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.
It explains the sharp April-May palm decline as a correction from palm's premium to other oils and an expected seasonal production recovery, a plausible structural contributor, but it was published after the move.
