# NCP affects vegetable oil consumption and livestock production, and new changes appear in vegetable oil and meal markets - China Oil and Oilseeds Report - CnAgri-China Agriculture Consultant

> China's vegetable oil consumption has dropped sharply as the COVID-19 epidemic shifted eating from restaurants to households and hit livestock production. Soybean and palm oil prices fell about 1000 yuan/ton on high port inventories, while soybean meal rose on regional shortages caused by port arrival limits.

- Date: 2020-03-30 · published 2020-03-30T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/54211-ncp-affects-vegetable-oil-consumption-and-livestock-production-and-new-changes
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker oil demand pressures soybean oil and palm oil prices, while tight meal supply supports meal prices and feed costs for buyers in China.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-04 | [Malaysia bets instant noodles will sustain palm oil demand in virus-hit China](https://feedsoft.ai/events/4954-malaysia-bets-instant-noodles-will-sustain-palm-oil-demand-in-virus-hit-china.md) | +4.6% | -11.1% |
| PALMOIL | 2020-03-31 | [The price of sunflower and soybean in Ukraine in the near future may be reduced](https://feedsoft.ai/events/54255-the-price-of-sunflower-and-soybean-in-ukraine-in-the-near-future-may-be-reduced.md) | -6.2% | -7.8% |
| PALMOIL | 2020-02-25 | [News Archives for Markets - 2020-02-25 - Business Recorder](https://feedsoft.ai/events/12193-news-archives-for-markets-2020-02-25-business-recorder.md) | -13.3% | -15.6% |
| PALMOIL | 2019-04-21 | [ASF poses a real risk to feedstuffs markets \| ACT](https://feedsoft.ai/events/59585-asf-poses-a-real-risk-to-feedstuffs-markets-act.md) | -0.4% | -6.7% |
| PALMOIL | 2020-02-05 | [Commodity Tracker: Coronavirus and commodity markets \| S&P Global](https://feedsoft.ai/events/7412-commodity-tracker-coronavirus-and-commodity-markets-s-and-p-global.md) | +1.3% | -8.5% |
| SBM | 2018-11-09 | [Inventory of parental breeders decreased, feeding profits of commercial broilers rose sharply, and prices of broiler chicks increased largely - Analysis and Viewpoints of China Agriculture  - CnAgri-China Agriculture Consultant](https://feedsoft.ai/events/62198-inventory-of-parental-breeders-decreased-feeding-profits-of-commercial-broilers.md) | -0.2% | +0.6% |
| SBM | 2026-08-26 | [El Niño disrupts marine ingredient production, IFFO reports - Feed & Additive Magazine](https://feedsoft.ai/events/17375-el-nino-disrupts-marine-ingredient-production-iffo-reports-feed-and-additive.md) | +4.1% | +7.6% |
| SBM | 2020-02-03 | [African Swine Fever Shrinks Pork Production in China, Swells Demand for Imported Pork \| Economic Research Service](https://feedsoft.ai/events/54484-african-swine-fever-shrinks-pork-production-in-china-swells-demand-for-imported.md) | -0.6% | +3.8% |

## Sources

- en.cnagri.com: http://en.cnagri.com/report/seedoilsss/20200330/253206.html

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