# FAO’s Veggie Oil Index jumps 4% in December to 3-year hihg: UFOP  : The Daily Digest

> 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.

- Date: 2017-01-22 · published 2017-01-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73062-fao-s-veggie-oil-index-jumps-4-in-december-to-3-year-hihg-ufop-the-daily-digest
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/faos-veggie-oil-index-jumps-4-in-december-to-3-year-hihg-ufop/

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