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The FAO vegetable oil price index fell 5.2% in April to 131.8 points, its lowest since August 2019 and the third consecutive monthly decline. Palm, soybean and rapeseed oil prices fell while sunflower oil rose.
Lower vegetable oil benchmarks reduce the cost of oilseed-based feed fats and weigh on soyoil and palm oil values, with demand pressured by weak biodiesel blending during the pandemic.
biofuels-news.comBiofuels Int @biofuelsmagMay 20, 2020Not 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.
