# SunSirs: Breaking 10,000 yuan, China's Soybean Oil Prices Hit a Record High

> SunSirs reported that on March 8, 2021 the average price of first-grade soybean oil in China exceeded 10,000 yuan per tonne, the first time since 2012. The price had fallen steeply after 2013 and was near 5,200 yuan at the end of 2018 before recovering.

- Date: 2021-03-09 · published 2021-03-09T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/6557-sunsirs-breaking-10-000-yuan-china-s-soybean-oil-prices-hit-a-record-high
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher soybean oil prices in China reflect tight global vegetable oil supply, which lifts edible oil costs and supports substitution demand for meal-based feed inputs. Feed buyers should expect firm oilseed-complex pricing.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-4383.html

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