# Vegetable oil and oilseeds outlook – Canola Digest

> World vegetable oil demand rose sharply in 2016 while production fell for the first time in over 30 years, tightening stocks. The outlook expects supply recovery from mid-2017 with a large palm oil-led output increase in 2018, which could drive a bearish trend.

- Date: 2017-03-01 · published 2017-03-01T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7066-vegetable-oil-and-oilseeds-outlook-canola-digest
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight vegetable oil supplies currently support canola and rapeseed prices, but expected supply growth from 2018 points to a price decline. Canola is viewed as attractive at current levels after a record Western Canadian crop.

## Read by commodity

- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-04-05 | [FAO Food Price Index dips again in April, led by sugar and vegetable oils](https://feedsoft.ai/events/6872-fao-food-price-index-dips-again-in-april-led-by-sugar-and-vegetable-oils.md) | -0.3% | -1.6% |
| PALMOIL | 2021-03-25 | [Vegetable oil prices set to fall](https://feedsoft.ai/events/12665-vegetable-oil-prices-set-to-fall.md) | -1.3% | -1.8% |
| PALMOIL | 2017-08-31 | [ICE weekly outlook: Canola rises, post-report - Grainews](https://feedsoft.ai/events/69553-ice-weekly-outlook-canola-rises-post-report-grainews.md) | +5.5% | +5.6% |
| PALMOIL | 2022-08-07 | [Benchmark FAO Food Price Index shows dip in international prices of cereals, vegetable oils and sugar](https://feedsoft.ai/events/40093-benchmark-fao-food-price-index-shows-dip-in-international-prices-of-cereals.md) | +9.5% | +0.6% |
| PALMOIL | 2019-05-17 | [FAO vegetable oil price index at eleven-year low - Renewable Carbon News](https://feedsoft.ai/events/59164-fao-vegetable-oil-price-index-at-eleven-year-low-renewable-carbon-news.md) | -1.7% | -2.3% |

## Sources

- canoladigest.ca: https://canoladigest.ca/march-2017/vegetable-oil-and-oilseeds-outlook/

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