# FAO vegetable oil price index falls to eight-month low - Renewable Carbon News

> The FAO vegetable oil price index fell 5.2% to 131.8 points in April, its lowest since August 2019 and the third monthly decline. Palm, soybean and rapeseed oil prices fell while sunflower oil rose, with UFOP citing COVID-related demand drops in diesel and biodiesel and higher Malaysian palm output.

- Date: 2020-06-16 · published 2020-06-16T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52705-fao-vegetable-oil-price-index-falls-to-eight-month-low-renewable-carbon-news
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower vegetable oil prices reduce input costs for feed fats and oil-based rations, though the decline reflects weak biodiesel demand that could reverse if blending demand recovers.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-05-17 | [FAO vegetable oil price index at eleven-year low - Renewable Carbon News](https://feedsoft.ai/events/59164-fao-vegetable-oil-price-index-at-eleven-year-low-renewable-carbon-news.md) | -1.7% | -2.3% |
| PALMOIL | 2021-03-25 | [Vegetable oil prices set to fall](https://feedsoft.ai/events/12665-vegetable-oil-prices-set-to-fall.md) | -1.3% | -1.8% |
| PALMOIL | 2017-04-05 | [FAO Food Price Index dips again in April, led by sugar and vegetable oils](https://feedsoft.ai/events/6872-fao-food-price-index-dips-again-in-april-led-by-sugar-and-vegetable-oils.md) | -0.3% | -1.6% |
| PALMOIL | 2019-07-25 | [Palm and soybean oil lose a lot of ground - Renewable Carbon News](https://feedsoft.ai/events/58176-palm-and-soybean-oil-lose-a-lot-of-ground-renewable-carbon-news.md) | +0.2% | +8.1% |
| PALMOIL | 2024-03-27 | [Fitch: Higher global vegetable oil supply to drag CPO prices lower in Q2 \| Malay Mail](https://feedsoft.ai/events/31287-fitch-higher-global-vegetable-oil-supply-to-drag-cpo-prices-lower-in-q2-malay.md) | +3.8% | -2.1% |
| SBO | 2019-05-17 | [FAO vegetable oil price index at eleven-year low - Renewable Carbon News](https://feedsoft.ai/events/59164-fao-vegetable-oil-price-index-at-eleven-year-low-renewable-carbon-news.md) | -3.4% | -0.4% |
| SBO | 2021-03-25 | [Vegetable oil prices set to fall](https://feedsoft.ai/events/12665-vegetable-oil-prices-set-to-fall.md) | -6.5% | +5.0% |
| SBO | 2018-01-21 | [Vegetable oil prices decline to 5-month low  : The Daily Digest](https://feedsoft.ai/events/67047-vegetable-oil-prices-decline-to-5-month-low-the-daily-digest.md) | +1.6% | -2.3% |

## Sources

- renewable-carbon.eu: https://renewable-carbon.eu/news/fao-vegetable-oil-price-index-falls-to-eight-month-low/

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