# Vegetable Oil Rally Powers On, Adding to Food Inflation Pressure - Bloomberg

> 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.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8755-vegetable-oil-rally-powers-on-adding-to-food-inflation-pressure-bloomberg
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-02-23/soybean-oil-scales-highest-since-2008-adding-to-crop-inflation

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