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The FAO vegetable oil price index fell about 4% in April 2017 to a nine-month low, according to UFOP citing AMI. Palm and soybean oil saw especially sharp declines over the first half of 2017.
Growing Southeast Asian palm output against softer demand, plus a global soybean oil oversupply from big South American crops and a record US soybean area, pushes vegetable oil prices lower, which lowers the cost of fat inputs for feed blends.
biofuelsdigest.comJim LaneJun 11, 2017Not 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.
