# China soy, palm oil markets surge on swine fever spillover – China Economic Review

> Soybean oil and palm oil prices in China climbed to their highest since mid-2018 as African swine fever slowed soybean crushing and reduced soyoil output. Open interest in Dalian soyoil and palm oil futures hit a record, with volumes at multi-year highs amid heavy speculative trading.

- Date: 2019-11-29 · published 2019-11-29T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/56158-china-soy-palm-oil-markets-surge-on-swine-fever-spillover-china-economic-review
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Slower crushing from ASF-related demand shifts reduces soymeal output while lifting oil prices, and speculative volatility raises near-term price risk for buyers of vegetable oils.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-12-06 | 5 | +8.2% | 3.2 | China's swine-fever-driven drop in soybean crushing cut soyoil output, pushing Dalian palm and soyoil to highs with record speculative interest, which lifted palm prices through substitution and sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-11-05 | [China's Cooking Oil Market Boils Amid Pork Shortage, Low Soy Stocks \| ESM Magazine](https://feedsoft.ai/events/56155-china-s-cooking-oil-market-boils-amid-pork-shortage-low-soy-stocks-esm-magazine.md) | -1.4% | -5.9% |
| 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 | 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% |
| 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% |
| PALMOIL | 2019-11-05 | [China's Cooking Oil Market Boils Amid Pork Shortage, Low Soy Stocks \| ESM Magazine](https://feedsoft.ai/events/56155-china-s-cooking-oil-market-boils-amid-pork-shortage-low-soy-stocks-esm-magazine.md) | +3.2% | +8.2% |
| 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

- chinaeconomicreview.com: https://chinaeconomicreview.com/china-soy-palm-oil-markets-surge-on-swine-fever-spillover/

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