# Soybean and palm oil demand help drive vegetable oil prices - Biofuels International Magazine

> 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.

- Date: 2020-12-11 · published 2020-12-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/49744-soybean-and-palm-oil-demand-help-drive-vegetable-oil-prices-biofuels
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- biofuels-news.com: https://biofuels-news.com/news/soybean-and-palm-oil-demand-help-drive-vegetable-oil-prices/

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