# Graphic: U.S. green energy push sets global edible oils alight, raises food inflation fears

> A Reuters graphic reports that the vegetable oils price index has rallied about 70% since last June to nine-year highs. Labour shortages at Asian palm plantations and bad weather in key sunflower, rapeseed and soybean hubs cut edible oil output and inventories fell to 10-year lows. The graphic ties the rally to the U.S. green energy push and rising food inflation fears.

- Date: 2021-03-19 · published 2021-03-19T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8500-graphic-u-s-green-energy-push-sets-global-edible-oils-alight-raises-food
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Biofuel demand for vegetable oils, combined with tight supply and low stocks, supports prices for soyoil and palm oil. Higher oil prices also raise competition for oilseed meals used in feed.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-03-22 | 1 | +5.2% | 3.8 | Background on the vegetable oil rally to nine-year highs, with low inventories and the U.S. green energy push, supports the bullish backdrop but was published several days before the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-05-21 | [Green-Fuel Push Stirs Food Inflation Fears in Rebound From Virus](https://feedsoft.ai/events/46971-green-fuel-push-stirs-food-inflation-fears-in-rebound-from-virus.md) | +0.7% | -11.5% |
| SBO | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +3.2% | -4.4% |
| SBO | 2021-04-13 | [Renewable Diesel Feedstock – Green Fuel and Affordable Food Part 2 \| S&P Global](https://feedsoft.ai/events/47458-renewable-diesel-feedstock-green-fuel-and-affordable-food-part-2-s-and-p-global.md) | +7.3% | +19.6% |
| SBO | 2022-04-22 | [Global edible oil markets simmer after shock Indonesia ban](https://feedsoft.ai/events/14037-global-edible-oil-markets-simmer-after-shock-indonesia-ban.md) | +3.2% | -4.4% |
| SBO | 2022-01-30 | [Indonesia’s palm oil export curbs upend global edible oil markets - Markets - Business Recorder](https://feedsoft.ai/events/8091-indonesia-s-palm-oil-export-curbs-upend-global-edible-oil-markets-markets.md) | +2.2% | +8.1% |
| PALMOIL | 2021-05-21 | [Green-Fuel Push Stirs Food Inflation Fears in Rebound From Virus](https://feedsoft.ai/events/46971-green-fuel-push-stirs-food-inflation-fears-in-rebound-from-virus.md) | -1.3% | -13.8% |
| PALMOIL | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +1.1% | -2.1% |
| PALMOIL | 2022-04-22 | [Global edible oil markets simmer after shock Indonesia ban](https://feedsoft.ai/events/14037-global-edible-oil-markets-simmer-after-shock-indonesia-ban.md) | +1.1% | -2.1% |

## Sources

- reuters.com: https://www.reuters.com/article/uk-global-vegoils-prices/u-s-green-energy-push-sets-global-edible-oils-alight-raises-food-inflation-fears-idUSKBN2BB06M/

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