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The global FAO vegetable oil index 2021 with a new annual high

Published Jan 13, 2022

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Berlin (agrar-PR) - With 185 and 141 points, the FAO index reached an all-time high in November 2021 for both vegetable oil and grain. In December, the indices fell slightly.

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01/12/2022 | 11:39:00 | ID: 32037 | Department: Agriculture | agricultural economics Berlin (agrar-PR) - With 185 and 141 points, respectively, the FAO index reached an all-time high in November 2021 for both vegetable oil and grain. The indices fell slightly in December, with the FAO price index for vegetable oil averaging 178.5 points in December 2021, around 6.1 points below the previous month's high. This corresponds to a decrease of 3.3 percentage points. Palm oil, in particular, lost a lot of its value compared to the previous month. The decline in prices was primarily due to subdued global import demand due to concerns about the possible effects of the renewed rise in the number of Covid-19 cases. Sunflower oil prices also fell, while soybean and rapeseed oil maintained their price levels. The demands were supported by brisk import demand, especially from India, as well as persistently scarce global supply. With regard to the entire year 2021, the FAO vegetable oil index ...
Source: Agrar
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