Ukraine's vegetable oil price index has peaked since 2014

The FAO vegetable oil price index averaged 121.9 points in November, 15.4 points (14.5 percent) higher than the previous month and the highest level since March 2014, Ukraine's Latifundist network reported on December 3, citing FAO.
analysts believe the rapid growth is mainly due to higher palm oil prices and further increases in soybean, rapeseed and sunflower oil prices.
report showed that international palm oil prices rose for the sixth consecutive month against the backdrop of a sharp drop in global inventories, which was linked to the failure of major producers to produce as expected and the world's continued strong import demand.
soybean oil, analysts attributed the rise in soybean oil prices to reduced export supplies from South America and increased import demand, particularly from India.
, prices rose further due to limited supply of rapeseed oil and sunflower oil.
, the rise in oil prices has also contributed to the rise in vegetable oil prices.
。