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

> CnAgri reported that China's average vegetable oil prices rose in August, with soybean oil up to 6,893 RMB/MT from 6,306, palm oil up to 6,267 from 5,900, and rapeseed oil up to 9,210 from 9,090. Soybean meal and rapeseed meal prices fell over the same period.

- Date: 2020-09-10 · published 2020-09-10T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/51233-changes-in-prices-in-vegetable-oil-and-protein-meal-in-august-china-oil-and
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Higher Chinese vegetable oil prices support oilseed crush margins and palm and soy oil values, while lower meal prices weaken protein meal values for feed buyers.

## Read by commodity

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

## Sources

- en.cnagri.com: http://en.cnagri.com/report/seedoilsss/20200910/253338.html

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