# FAO vegetable oil price index at lowest level since December 2018

> The FAO vegetable oil price index fell 6 points to 126, its lowest since December 2018, down 12% over the year. The decline was driven by weaker palm and soybean oil prices on sluggish demand and seasonal Southeast Asian output growth.

- Date: 2019-08-07 · published 2019-08-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57645-fao-vegetable-oil-price-index-at-lowest-level-since-december-2018
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower FAO index readings signal cheaper vegetable oil supplies, which can weigh on palm and soybean oil prices and reduce the cost of competing fats used in feed.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/fao-vegetable-price-index-at-lowest-level-since-december-2018

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