# China's Cooking Oil Market Boils Amid Pork Shortage, Low Soy Stocks | ESM Magazine

> China's soyoil prices rallied to their highest in more than two years in early November as consumers shifted to vegetable oils amid a national pork shortage from African swine fever. Tianjin soybean oil reached 6,500 yuan per tonne on November 4, its highest since March 2017. Low soybean inventories, slowed imports amid US tariffs, also supported prices.

- Date: 2019-11-05 · published 2019-11-05T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/56155-china-s-cooking-oil-market-boils-amid-pork-shortage-low-soy-stocks-esm-magazine
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Pork shortages are boosting demand for vegetable oils and substitute proteins while tight soyoil stocks limit supply, supporting soyoil and palm oil prices and adding to feed-protein demand uncertainty.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- HOGS: bullish ▲
- LCATTLE: neutral
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-11-06 | 5 | +14.0% | 5.9 | Chinese soyoil at two-year highs on pork shortage and low soy stocks lifts the vegetable oil complex and palm demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-11-29 | [China soy, palm oil markets surge on swine fever spillover – China Economic Review](https://feedsoft.ai/events/56158-china-soy-palm-oil-markets-surge-on-swine-fever-spillover-china-economic-review.md) | -0.3% | +14.4% |
| SBO | 2020-02-03 | [Canola oil demand rising as African swine fever reduces China's soybean crush - RealAgriculture](https://feedsoft.ai/events/54566-canola-oil-demand-rising-as-african-swine-fever-reduces-china-s-soybean-crush.md) | +3.4% | -4.6% |
| SBO | 2026-08-19 | [Seafood Media Group - Worldnews - China Faces a New Surge in Fishmeal Prices as Peru Keeps Anchovy Fisheries Restricted](https://feedsoft.ai/events/17981-seafood-media-group-worldnews-china-faces-a-new-surge-in-fishmeal-prices-as.md) | -4.0% | -0.2% |
| SBO | 2020-03-18 | [Coronavirus prompts palm plantation closures, world vegoil supply concerns \| Malaysiakini](https://feedsoft.ai/events/54232-coronavirus-prompts-palm-plantation-closures-world-vegoil-supply-concerns.md) | +5.2% | +5.2% |
| PALMOIL | 2019-11-29 | [China soy, palm oil markets surge on swine fever spillover – China Economic Review](https://feedsoft.ai/events/56158-china-soy-palm-oil-markets-surge-on-swine-fever-spillover-china-economic-review.md) | +6.9% | +10.9% |
| PALMOIL | 2020-02-03 | [Canola oil demand rising as African swine fever reduces China's soybean crush - RealAgriculture](https://feedsoft.ai/events/54566-canola-oil-demand-rising-as-african-swine-fever-reduces-china-s-soybean-crush.md) | -5.6% | -23.1% |
| PALMOIL | 2020-03-18 | [Coronavirus prompts palm plantation closures, world vegoil supply concerns \| Malaysiakini](https://feedsoft.ai/events/54232-coronavirus-prompts-palm-plantation-closures-world-vegoil-supply-concerns.md) | +0.3% | -3.3% |
| PALMOIL | 2021-08-24 | [Production Drops After Public Curb, CPO Sees Highest Price - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/45656-production-drops-after-public-curb-cpo-sees-highest-price-gabungan-pengusaha.md) | +0.3% | +0.5% |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/supply-chain/chinas-cooking-oil-market-boils-amid-pork-shortage-low-soy-stocks-82150

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