# Vegetable oil prices slump to an eight-month low | Biofuels International Magazine

> 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.

- Date: 2020-05-20 · published 2020-05-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53229-vegetable-oil-prices-slump-to-an-eight-month-low-biofuels-international-magazine
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- biofuels-news.com: https://biofuels-news.com/news/vegetable-oil-prices-slump-to-an-eight-month-low/

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