# Why is the price of vegetable oil surging? - Marketplace

> Vegetable oil prices hit an all-time high, with the FAO reporting a 4.2% rise in January. Soybean, palm and canola oils all rose, driven by extreme weather in South America and Southeast Asia.

- Date: 2022-02-17 · published 2022-02-17T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8759-why-is-the-price-of-vegetable-oil-surging-marketplace
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Drought in Argentina and Brazil and flooding in Malaysia have cut oilseed and palm supplies, supporting higher prices across vegetable oils and related feed inputs.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2022-02-21 | 1 | +3.8% | 3.8 | Record vegetable oil prices from weather problems in South America and Southeast Asia (FAO data) set a bullish backdrop that fed momentum in soyoil. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-03-08 | [Global vegetable oil prices seen rising for the rest of 2023 on supply uncertainty: Oilworld's Mielke](https://feedsoft.ai/events/36959-global-vegetable-oil-prices-seen-rising-for-the-rest-of-2023-on-supply.md) | -1.7% | -0.5% |
| SOY | 2017-01-13 | [Week 2: Overview of the world veg-oil market \| Greenea](https://feedsoft.ai/events/73069-week-2-overview-of-the-world-veg-oil-market-greenea.md) | +3.4% | +2.6% |
| SOY | 2020-06-30 | [Options pricing is corn market’s lie detector test](https://feedsoft.ai/events/52656-options-pricing-is-corn-market-s-lie-detector-test.md) | +3.3% | +3.5% |
| SOY | 2022-06-29 | [What’s driving the volatile grain market? Grain market daily \| AHDB](https://feedsoft.ai/events/40981-what-s-driving-the-volatile-grain-market-grain-market-daily-ahdb.md) | -5.0% | -5.1% |
| SOY | 2016-04-22 | [Farming News - Oilseed Market Report: Prices rise on weather concerns](https://feedsoft.ai/events/10300-farming-news-oilseed-market-report-prices-rise-on-weather-concerns.md) | -0.1% | +5.2% |
| PALMOIL | 2025-06-04 | [Global Vegetable Oil Markets Face Tariff, Weather Turbulence](https://feedsoft.ai/events/10951-global-vegetable-oil-markets-face-tariff-weather-turbulence.md) | -1.0% | +4.1% |
| PALMOIL | 2023-01-31 | [The end of the New Year holidays in China activated the market of vegetable oils](https://feedsoft.ai/events/37869-the-end-of-the-new-year-holidays-in-china-activated-the-market-of-vegetable-oils.md) | -1.0% | +1.3% |
| PALMOIL | 2023-03-08 | [Global vegetable oil prices seen rising for the rest of 2023 on supply uncertainty: Oilworld's Mielke](https://feedsoft.ai/events/36959-global-vegetable-oil-prices-seen-rising-for-the-rest-of-2023-on-supply.md) | -4.1% | -5.5% |

## Sources

- marketplace.org: https://www.marketplace.org/story/2022/02/17/oil-prices-surge-vegetable-oil-that-is

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