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An ESM Magazine buyer's brief reviews the vegetable oils market and the many factors that influence its prices, including biofuels and dietary shifts. It says that after crude oil price rises, El Niño and oversupply, the sector may be approaching a balance.
Prices have seen sustained erosion over recent years, driven by rising palm and soybean oil output.
Vegetable oil prices depend on biofuel demand, crude oil and palm and soy supply, so buyers should watch whether the oversupply that drove recent declines is easing. The piece is general market commentary without a new shock, so it does not signal a clear price direction.
esmmagazine.comSteve Wynne-JonesApr 2, 2019Not 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.
