Date: July, 2009
Abstract: Palm oil prices outperformed soybean oil prices by 10% over the first five months of 2009. Year to date, palm oil prices have risen 29% versus a 19% increase for soybean oil and a 17% increase for rapeseed oil. As a result, palm oil’s discount to soybean oil has also narrowed from an initial high of 26% at the start of this year to its current level of 20%, based on Rotterdam prices.
Research Type: Agri Commodity