Loading…
The UFOP reported that the FAO vegetable oil price index rose more than 4% in December 2016 to 183 points, its highest since July 2014. The index is up nearly 30% year-on-year but remains far below its January 2011 record.
Firmer palm and soybean oil prices, driven by low palm stocks, Argentine weather damage and biodiesel demand, raise input costs for feed and oilseed meal producers and support soy oil and palm oil prices.
biofuelsdigest.comJim LaneJan 22, 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.
