# Slump in vegetable oil prices, amidst Argentine uncertainties  : The Daily Digest

> UFOP reported that German vegetable oil prices fell from high levels as ample supply, weaker demand and a firm euro pushed asking prices lower. Palm oil had risen about 18% since October 2016 on scarce supply, while soybean oil lost ground as Argentine output concerns eased and Brazil's crop looked set to be large.

- Date: 2017-02-12 · published 2017-02-12T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/72588-slump-in-vegetable-oil-prices-amidst-argentine-uncertainties-the-daily-digest
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower vegetable oil prices reduce the cost of oil-based feed ingredients and weigh on soybean oil and palm oil values. Biodiesel demand uncertainty under US policy adds further downside risk.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/slump-in-vegetable-oil-prices-amidst-argentine-uncertainties/

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