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Vegetable oil prices rallied further, adding to food inflation pressure. Higher raw material costs affect frying oil and fuel-related uses, compounding pressure from transport, energy and labor costs.
Higher vegetable oil prices raise input costs across food and feed chains and reinforce bullish pressure on soyoil and palm oil, with energy costs supporting biofuel-linked demand.
bloomberg.comMegan Durisin AlberyFeb 23, 2022Not 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.
