# Edible oil prices to rebound | News on Markets - Business Standard

> Edible oil prices turned volatile after a sharp drop over recent weeks driven by rising production, benign exports and large South American and Indian crops. Biodiesel blending expansion in South America and Southeast Asia has also been cited as a support factor.

- Date: 2017-02-26 · published 2017-02-26T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7063-edible-oil-prices-to-rebound-news-on-markets-business-standard
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanded biodiesel mandates, including Indonesia's higher blending target, could lift vegetable oil demand and prices. Ample supply from South America and India currently offsets that support.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-08-25 | [Palm oil falls - Markets - Business Recorder](https://feedsoft.ai/events/45655-palm-oil-falls-markets-business-recorder.md) | +0.3% | +1.6% |
| PALMOIL | 2021-01-11 | [Indonesia refined palm oil exports to rise in 2021 on tax changes - Markets - Business Recorder](https://feedsoft.ai/events/49037-indonesia-refined-palm-oil-exports-to-rise-in-2021-on-tax-changes-markets.md) | -6.2% | -12.3% |
| PALMOIL | 2023-04-17 | [Malaysia keeps May crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15742-malaysia-keeps-may-crude-palm-oil-export-duty-at-8-markets-business-recorder.md) | +1.5% | -4.7% |
| PALMOIL | 2023-10-17 | [Malaysia keeps November crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15693-malaysia-keeps-november-crude-palm-oil-export-duty-at-8-markets-business.md) | -0.6% | +2.6% |
| PALMOIL | 2024-01-23 | [Malaysia keeps February crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15671-malaysia-keeps-february-crude-palm-oil-export-duty-at-8-markets-business.md) | +0.4% | -0.9% |
| SBO | 2021-06-03 | [Govt considering edible oil import tax cut to lower prices, says report \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/6355-govt-considering-edible-oil-import-tax-cut-to-lower-prices-says-report.md) | +2.9% | -8.3% |
| SBO | 2025-04-22 | [US soybean oil market set to soar \| Food Business News](https://feedsoft.ai/events/25205-us-soybean-oil-market-set-to-soar-food-business-news.md) | +2.6% | +0.9% |
| SBO | 2016-11-27 | [EPA Renewable Fuel Standard rallies soybean oil prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73744-epa-renewable-fuel-standard-rallies-soybean-oil-prices-agweek-1-source-for.md) | +2.3% | -5.6% |

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/edible-oil-prices-to-rebound-117022700041_1.html

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