# Commodity prices: $1000/ton palm oil may inflate price of chocolate, cosmetics | Fortune

> Palm oil rose above 4,500 ringgit ($1,091) a tonne to a record on May 12, and has gained more than 120% over the past year. The rally follows gains in farm commodities driven by weather worries and China's crop buying. Analysts warn that high prices will raise costs for food, confectionery and cosmetics makers.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47190-commodity-prices-1000-ton-palm-oil-may-inflate-price-of-chocolate-cosmetics
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Record palm oil prices raise input costs for consumer goods makers and could shift demand toward cheaper vegetable oils such as soybean and sunflower oil. The price level signals tight global edible oil supply.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- fortune.com: https://fortune.com/2021/05/13/palm-oil-price-surge-chocolate-cosmetics/

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