H1 Report: A Recap and Forward Outlook for Veg Oils & Fats in ‘24
Delve into the major developments in the vegetable oils and fats market during the first half of 2024 with our extensive H1 report. This analysis focuses on key oils such as palm, sunflower, and rapeseed oils.
Supported by Vesper's comprehensive data, we highlight significant market movements and emerging trends that shaped the vegetable oils and fats sector in early 2024. The report concludes with a succinct outlook for the rest of the year, offering critical insights for strategic planning.
What to expect from the report
The vegetable oils market in early 2024 saw notable developments, particularly influenced by geopolitical events and weather conditions. This report provides key insights and a detailed analysis of these changes:
- Palm Oil: Prices surged due to increased Brent Crude Oil prices and tighter Malaysian supply.
- Coconut Oil: Severe raw coconut shortages in the Philippines and Indonesia drove significant price increases.
- Sunflower Oil: Production in major regions like Ukraine and Russia remained stable, but logistical issues caused price volatility.
- Soybean Oil: Prices declined as Brazilian production improved and US imports of used cooking oil increased.
- And more…
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What is Vesper?
Vesper, vespertool.com, is a commodity intelligence platform that transforms difficult-to-understand data into easy-to-digest intelligence and actionable insights, enabling users to back their decisions with facts. The insights provided by our market analysts in this report are backed-up by Vesper’s real-time and difficult to find data.
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