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The FAO vegetable oil price index fell 4.4% in March to 128 points, its second lowest level in eleven years. Palm oil oversupply in Malaysia and Indonesia, weak demand, and large Canadian rapeseed stocks drove the decline.
Falling vegetable oil prices reflect ample palm supply and stagnant demand, keeping feedstock costs low for feed and oilseed processors. Biofuel policy changes remain the key swing factor for future prices.
renewable-carbon.euMay 17, 2019After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
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.
