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South American soybean oil prices have fallen about 9% from the April 28 record, with Argentine and Brazilian FOB levels assessed at $1,745.40/mt on May 23. Weak demand from China, which was affected by lockdowns, and India, which was well supplied, weighed on prices.
Indonesia lifted its palm oil export ban but kept a domestic obligation.
Softer demand from key importers and rising Argentine and Brazilian supply pressure soybean oil values. Resumed Indonesian palm oil exports add competing supply in edible oils.
ukragroconsult.comMay 26, 2022Not 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.
