# Palm Oil News - Crude oil Price Increases, CPO Price May too

> The chairman of the Indonesian Palm Oil Board said that if crude oil prices rise, the price gap between CPO and crude oil narrows, encouraging more CPO use in biodiesel. He added that Europe could substitute rapeseed oil with imported CPO if biodiesel demand shifts.

- Date: 2016-12-06 · published 2016-12-06T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/73374-palm-oil-news-crude-oil-price-increases-cpo-price-may-too
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude oil prices make palm oil more competitive as a biodiesel feedstock, which can lift demand and prices for CPO. The link to European vegetable oil imports adds to the upside case.

## Read by commodity

- WTI: bullish ▲
- PALMOIL: bullish ▲

## Sources

- en.infosawit.com: https://en.infosawit.com/news/5192/crude-oil-price-increases--cpo-price-may-too

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