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Monthly price update. Oilseeds, Oils and Meals, No. 178 | May 2024

Year of publication 2024

Place of publication Rome, Italy ;

Pages 3

Author FAO;

Publisher FAO ;

Product type Journal, magazine, bulletin

Synopsis (short abstract) The Monthly Price Update is an information product provided by the oilseeds desk of the Markets and Trade Division of FAO. It reviews the development of international prices for oilseeds, oils and meals as reflected by FAO’s price indices. In April 2024, the FAO price indices for oilseeds and oilmeals both declined for the fifth consecutive month, whereas the vegetable oil price index marginally strengthened from the previous month. While the oilseed and oilmeal price indices remained markedly below their respective year-earlier levels, the index for vegetable oils stood 0.7 percent above its value of a year ago, marking the first year-on-year increase since August 2022.

Language English

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    The Monthly Price Update is an information product provided by the oilseeds desk of the Markets and Trade Division of FAO. It reviews the development of international prices for oilseeds, oils and meals as reflected by FAO’s price indices. In February, all three FAO price indices pertaining to the oilcrops complex declined. The oilseed price index decreased by 5.2 points (4.3 percent) from the revised level of the previous month, reaching the lowest point since November 2020, while the oilmeal index shed 6.6 points (5.7 percent) month-on-month, marking a 29-month low.
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    The Monthly Price Update is an information product provided by the oilseeds desk of the Markets and Trade Division of FAO. It reviews the development of international prices for oilseeds, oils and meals as reflected by FAO’s price indices. In January 2024, the FAO price indices for oilseeds and oilmeals declined month-on-month, while the vegetable oil price index remained virtually unchanged. All three price indices remained below their respective year-earlier levels, ranging from about 13 percent below its January 2023 reading for vegetable oils to as much as 25 percent for oilseeds.
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