# Prices for vegetable oils continues to grow

> World vegetable oil prices rose again this week. Chicago soybean oil gained 3.5% on the week, supported by the European Commission's decision to allow U.S. soy-based biodiesel into the EU. Ukrainian sunflower oil also climbed, while Malaysian palm oil eased back from a jump to 566 $/ton.

- Date: 2019-01-31 · published 2019-01-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61198-prices-for-vegetable-oils-continues-to-grow
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The EU biodiesel opening adds demand for soybean oil, which supports vegetable oil prices and competes with feed-grade oil and meal supplies. Palm oil's softer tone and rising sunflower oil prices suggest mixed signals across the oils complex.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: neutral

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-roslinni-olii-prodovzhuyut-zrostati.html

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