# Changes in Prices in Vegetable Oil and Protein Meal in January - China Oil and Oilseeds Report - CnAgri-China Agriculture Consultant

> Chinese domestic prices rose in January for soybean oil and rapeseed oil, while palm oil fell. Soybean meal rose sharply from 3,347 to 3,875 RMB/MT, and rapeseed meal also increased.

- Date: 2021-02-07 · published 2021-02-07T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/48776-changes-in-prices-in-vegetable-oil-and-protein-meal-in-january-china-oil-and
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher Chinese soymeal and soyoil prices signal firm import demand, while weaker palm oil reflects softer vegetable oil competition.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- PALMOIL: bearish ▼

## Sources

- en.cnagri.com: http://en.cnagri.com/report/seedoilsss/20210207/253414.html

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