# Palm and soybean oil lose a lot of ground - Renewable Carbon News

> The FAO vegetable oil price index fell 12% over the past marketing year and dropped 1.6% in June to its lowest since December 2018. Declines in palm and soybean oil drove the index lower, while sunflower and rapeseed oil held up on smaller expected harvests.

- Date: 2019-07-25 · published 2019-07-25T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/58176-palm-and-soybean-oil-lose-a-lot-of-ground-renewable-carbon-news
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Broad weakness in palm and soyoil reflects sluggish demand and ample supply, while sunflower and rapeseed firmness shows tighter competing supplies.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-04-24 | [Palm oil production up 2 per cent on previous year - Renewable Carbon News](https://feedsoft.ai/events/30838-palm-oil-production-up-2-per-cent-on-previous-year-renewable-carbon-news.md) | -0.5% | -5.4% |
| PALMOIL | 2019-05-17 | [FAO vegetable oil price index at eleven-year low - Renewable Carbon News](https://feedsoft.ai/events/59164-fao-vegetable-oil-price-index-at-eleven-year-low-renewable-carbon-news.md) | -1.7% | -2.3% |
| PALMOIL | 2020-06-16 | [FAO vegetable oil price index falls to eight-month low - Renewable Carbon News](https://feedsoft.ai/events/52705-fao-vegetable-oil-price-index-falls-to-eight-month-low-renewable-carbon-news.md) | +3.0% | +5.3% |
| PALMOIL | 2024-08-14 | [Will CBOT Soybean Oil's Bearish Trend Persist?](https://feedsoft.ai/events/28880-will-cbot-soybean-oil-s-bearish-trend-persist.md) | +1.7% | +7.8% |
| PALMOIL | 2022-07-08 | [China's palm oil imports to avoid 17-year low, with soy imports to exceed forecasts too - Grain Price News](https://feedsoft.ai/events/14914-china-s-palm-oil-imports-to-avoid-17-year-low-with-soy-imports-to-exceed.md) | -8.7% | -9.2% |
| SBO | 2019-05-17 | [FAO vegetable oil price index at eleven-year low - Renewable Carbon News](https://feedsoft.ai/events/59164-fao-vegetable-oil-price-index-at-eleven-year-low-renewable-carbon-news.md) | -3.4% | -0.4% |
| SBO | 2020-06-16 | [FAO vegetable oil price index falls to eight-month low - Renewable Carbon News](https://feedsoft.ai/events/52705-fao-vegetable-oil-price-index-falls-to-eight-month-low-renewable-carbon-news.md) | +2.2% | +2.7% |
| SBO | 2021-12-13 | [USDA sees little renewable diesel benefit for soybean oil \| The Western Producer](https://feedsoft.ai/events/43703-usda-sees-little-renewable-diesel-benefit-for-soybean-oil-the-western-producer.md) | +0.9% | +5.0% |

## Sources

- renewable-carbon.eu: https://renewable-carbon.eu/news/palm-and-soybean-oil-lose-a-lot-of-ground/

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