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The article reviews FAO data showing world vegetable oil prices in August rose 5.9% from July to their highest since January 2020, driven by palm oil, soy oil, sunflower oil and rapeseed oil. It also cites IGC reporting a 4% rise in its soybean price index and heavy Chinese new-crop soybean purchases.
Tight vegetable oil supplies and robust Chinese soybean buying support oilseed and meal prices. Ongoing biodiesel demand in the US adds further support to soy oil values.
farmingportal.co.zaOct 31, 2020Not enough comparable past events yet for a historical read.
Not 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.
