# Latin America soybean oil prices retreat 9% from record highs 26.05.2022 - UkrAgroConsult

> 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.

- Date: 2022-05-26 · published 2022-05-26T12:00:00.000Z
- Category: market · region South America · magnitude medium
- Page: https://feedsoft.ai/events/6168-latin-america-soybean-oil-prices-retreat-9-from-record-highs-26-05-2022
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/latin-america-soybean-oil-prices-retreat-9-from-record-highs/

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