Firm vegetable oil prices caused the vegetable oil price index of the Food and Agriculture Organization of the United Nations (FAO) to rise considerably at the end of 2019.
The FAO vegetable oil price index has increased steadily since June 2019. From 126 points at the time, it climbed just less than 40 points to 165 points by the end of the year. Between November and December alone, the index went up 9.4 per cent, or 14 points. This was the second largest rise in 2019. The surge was mainly driven by firm palm oil prices. However, asking prices for
The FAO vegetable oil price index has increased steadily since June 2019. From 126 points at the time, it climbed just less than 40 points to 165 points by the end of the year. Between November and December alone, the index went up 9.4 per cent, or 14 points. This was the second largest rise in 2019. The surge was mainly driven by firm palm oil prices. However, asking prices for
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