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Aveno's bi-weekly update says global vegetable oil production growth is slowing while demand grows, and palm oil prices have rebounded on stronger Chinese and Indian import demand. Soybean oil firmed on lower-than-expected US crush and firm biodiesel demand, with 17.5 million tonnes of palm oil expected to go to biodiesel.
Rising biodiesel use and tighter vegetable oil supply support palm and soybean oil prices, which in turn firm the value of protein meals produced alongside them.
aveno.beAvenoAug 28, 2019Not enough comparable past events yet for a historical read.
Not 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.
