# Vegetable oil price index hits two-year high - Renewable Carbon News

> The FAO vegetable oil price index climbed about 40 points since June 2019 to 165 by year-end, rising 9.4% between November and December. The rise was driven mainly by palm oil, with soybean, sunflower and rapeseed oil also firmer on smaller crush volumes.

- Date: 2020-01-24 · published 2020-01-24T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/55175-vegetable-oil-price-index-hits-two-year-high-renewable-carbon-news
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Smaller oilseed crush volumes reduce meal output, tightening protein supply for feed, while firm vegetable oil prices and biodiesel-driven palm demand support the broader oil complex.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲
- SUNMEAL: bullish ▲

## Sources

- renewable-carbon.eu: https://renewable-carbon.eu/news/vegetable-oil-price-index-hits-two-year-high/

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