high oil yield low price for edible oil

                                               
                                               
                                               
                                               
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  • What is the Edible Oils market?
  • The edible oils market is a diverse and growing industry that encompasses a variety of oil types and applications. Some of the key features of this market include: Wide range of oil types: The edible oils market includes a wide range of oils, including vegetable oils, animal fats, and specialty oils such as olive oil and coconut oil.
  • What is vegetable oil price index?
  • The vegetable oil price index is based on 10 quotations for soybean, sunflower, rapeseed, groundnut, cottonseed, copra, palm kernel, palm, linseed and castor oil. Prices are weighted by trade shares of the base period 2002?04. Oils Price Index in World decreased to 127.80 Index Points in May from 130.90 Index Points in April of 2024.
  • Why are edible oil prices rising?
  • Edible oil prices continue to surge, helping drive global food inflation to a 10-year peak. Seasonal high demand from major importing countries, and constrained supply by key producers, are propping up prices for palm, soy, and other edible oils.
  • How did the vegetable oil price index compare to a year ago?
  • By contrast, the vegetable oil price index declined, shedding 3.1 points (2.4 percent) from its April level. While the indices for oilseeds and oilmeals remained moderately below their respective levels of a year ago, the vegetable oil index stood 7.7 percent above its year-earlier level.