# Prices for vegetable oil are falling after oil quotations

> Vegetable oil prices fell after crude oil dropped 5% on pandemic-driven demand worries. Palm oil futures in Malaysia fell 1.6% on lower expected Chinese demand, and US soybean oil dropped 1.8%. China is also expected to reduce purchases of US soybeans and Malaysian palm oil during its October holiday.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51197-prices-for-vegetable-oil-are-falling-after-oil-quotations
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower crude and reduced Chinese buying in the holiday window weigh on palm and soybean oil prices, while softer biodiesel economics limit support from energy markets.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-12-01 | [The fall in the price of oil pulls down quotes for vegetable oils 01.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/5260-the-fall-in-the-price-of-oil-pulls-down-quotes-for-vegetable-oils-01-12-2021.md) | -3.6% | -6.2% |
| PALMOIL | 2021-08-19 | [Falling oil prices increase pressure on oilseed markets](https://feedsoft.ai/events/11363-falling-oil-prices-increase-pressure-on-oilseed-markets.md) | +0.3% | +2.3% |
| PALMOIL | 2023-12-06 | [Plummeting Vegetable Oil Prices Shake Markets with a 5% Dive \| AgriTalker – Agriculture, Climate and Environment News](https://feedsoft.ai/events/32781-plummeting-vegetable-oil-prices-shake-markets-with-a-5-dive-agritalker.md) | -1.3% | -3.3% |
| PALMOIL | 2017-08-30 | [Strong euro supports biodiesel prices despite falling veg oils  : The Daily Digest](https://feedsoft.ai/events/69542-strong-euro-supports-biodiesel-prices-despite-falling-veg-oils-the-daily-digest.md) | +3.6% | +5.8% |
| PALMOIL | 2020-03-13 | [Crude oil sell-offs see prices for palm oil decline \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/54237-crude-oil-sell-offs-see-prices-for-palm-oil-decline-analysis-and-features-the.md) | -2.8% | -3.9% |
| SBO | 2021-12-01 | [The fall in the price of oil pulls down quotes for vegetable oils 01.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/5260-the-fall-in-the-price-of-oil-pulls-down-quotes-for-vegetable-oils-01-12-2021.md) | +1.4% | +1.8% |
| SBO | 2025-03-05 | [Declining crude oil and vegetable oil prices lower prices for sunflower seeds and oil in Ukraine](https://feedsoft.ai/events/11140-declining-crude-oil-and-vegetable-oil-prices-lower-prices-for-sunflower-seeds.md) | -0.9% | +8.7% |
| SBO | 2021-08-19 | [Falling oil prices increase pressure on oilseed markets](https://feedsoft.ai/events/11363-falling-oil-prices-increase-pressure-on-oilseed-markets.md) | -4.3% | -8.1% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-roslinni-olii-padayut-slidom-za-naftovimi-kotiruvannyami.html

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