# Vegetable oil sees a slowing production growth globally & 17.5 million metric tons of palm oil will be used for biodiesel
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Aveno NV - The one stop shop for all your Oils and Fats

> 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.

- Date: 2019-08-28 · published 2019-08-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57644-vegetable-oil-sees-a-slowing-production-growth-globally-and-17-5-million-metric
- 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)

## Why it matters

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.

## Read by commodity

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

## Sources

- aveno.be: https://www.aveno.be/2019/08/vegetable-oil-sees-slowing-production-growth.html

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