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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 May 2024, the FAO price indices for oilseeds and oilmeals rebounded after declining continuously since December 2023. By contrast, the vegetable oil price index contracted from April following two months of strengthening. The indices for oilseeds and oilmeals remained moderately below their respective levels of a year ago, while the vegetable oil index stood 7.7 percent above its year-earlier level.
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