# Global edible oil prices near their peak, but retreat may be slow – analysts | KELO-AM

> Analysts at a Kuala Lumpur conference said global edible oil prices are nearing their peak but may fall slowly. Palm and soybean oil likely peaked at multi-year highs, but low stocks, constrained palm output from labour shortages, and weaker Chinese soybean oil output will limit the decline. Malaysian palm futures topped 4,000 ringgit a tonne in mid-March for the first time since 2008.

- Date: 2021-03-24 · published 2021-03-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8503-global-edible-oil-prices-near-their-peak-but-retreat-may-be-slow-analysts-kelo
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight stocks and slow output recovery mean vegetable oil prices are likely to stay elevated for longer, keeping input costs high for feed and food processors.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-03-29 | 5 | -8.3% | -3.0 | Analysts saying edible oil prices are nearing a peak reinforced bearish sentiment after the rally. |

## Sources

- kelo.com: https://kelo.com/2021/03/24/global-edible-oil-prices-near-their-peak-but-retreat-may-be-slow-analysts/

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