The FAO Vegetable Oil Price Index averaged 157.4 points in July

05.08.2016

The FAO Vegetable Oil Price Index averaged 157.4 points in July, down 4.6 points (2.8 percent) from June and falling for the third consecutive month. The slide was mainly on account of palm oil, whose price dropped to a 5-month low as regular rainfall underpinned a seasonal recovery in production in Southeast Asia whilst global import demand remained subdued.

International prices for soy, sunflower and rapeseed oil also eased on better than earlier anticipated supply prospects, further contributing to the fall in the index.   


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