# All prices of vegetable oil once again rose sharply

> Palm, soybean and sunflower oil prices rose sharply after an increase in crude oil prices. Malaysian palm oil exports for February 1-20 were reported up 10% to 28% from the prior period, and Brazil's soybean harvest was only 15% complete as of February 18, the slowest in ten years.

- Date: 2021-02-24 · published 2021-02-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48733-all-prices-of-vegetable-oil-once-again-rose-sharply
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude prices lift biofuel-linked vegetable oil demand, while firmer palm exports and a slow Brazilian soybean harvest tighten supplies and support vegetable oil and soybean prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- BRENT: bullish ▲
- PALMOIL: bullish ▲

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-vsi-roslinni-olii-znovu-rizko-virosli.html

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