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The FAO vegetable oil index slipped 7.2 points, or 5.2%, in April to its lowest level since August 2019. UFOP attributed the decline to falling palm, soybean and rapeseed oil prices, partly offset by higher sunflower oil.
The index drop signals softer vegetable oil prices across palm, soy and rapeseed, which pressures feed fat and oilseed meal economics; the same report is covered in index 0.
biofuelsdigest.comadminMay 24, 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.
