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The FAO vegetable oil price index rose 14.5% month on month in November to its highest level since April 2014. Palm oil led the gains on falling global stocks, while soybean oil rose on reduced South American export availability and strong Indian buying.
Tighter vegetable oil supply lifts the cost of oil-based feed ingredients and raises the value of protein-and-energy blends. Continued firmness in palm and soyoil is likely while stocks remain low.
biofuels-news.comBiofuels Int @biofuelsmagDec 11, 2020Not 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.
