Laden…
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.
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.
reuters.comNaveen Thukral19 mrt 2021Na 842 eerdere opwaarts beleid-gebeurtenissen bewoog Sojaolie zich mediaan +0,2% over 5 sessies (52% hoger; middelste helft -1,6% tot +2,1%), en -0,5% over 20.
Na 548 eerdere opwaarts beleid-gebeurtenissen bewoog Palmolie zich mediaan +0,4% over 5 sessies (61% hoger; middelste helft -0,7% tot +2,1%), en +0,9% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
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.
