Edible Oils are Facing a Supply Crunch

Published by
The Street

By Nelson Low, CME Group Palm oil and soybean oil have long been used in cooking, but their growing use as a biofuel is causing a spike in demand. Edible oil prices have hit record highs this year driven by strong demand. The diversification of the use of edible oils into a biofuel has led to the commodity becoming an increasingly important part of the agriculture complex. Palm oil is the most commonly produced edible oil, followed by soybean oil, with rapeseed oil and sunflower oil accounting for a smaller share of the market. Production of palm oil is highly concentrated, with 85% of the wor…

Read More

See also  UFC on ESPN+ 22 Promotional Guidelines Compliance pay: Charles Oliveira the lone $20k recipient

Leave a Reply