The FAO Vegetable Oil Price Index increased


The FAO Vegetable Oil Price Index averaged 168.7 points in May, posting a month-on-month increase of 7.6 points (or 4.7 percent) – after three months of consecutive declines. The May reversal in trend mainly reflects rising palm and soy oil prices.

While palm oil quotations firmed on rising global import demand, which kept world inventories low, soy oil prices rose on expectations of continued robust consumption, in particular in the United States. In both markets, unusually strong demand outweighed the price-depressing effect of anticipated improvements in global supplies.


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