In January, FAO’s price index for oilseeds rose by 2.3 points (or 1.5 percent), while the index for oilmeals posted even a stronger gain (6.6 points or 4 percent), climbing to a 17-month high. Conversely, the price index for vegetable oils only changed marginally compared to its December level (up 0.6 points or 0.4 percent).

In December, FAO’s price indices for oilseeds and vegetable oils fell by, respectively, 2.2 and 9.6 points (or 1.5 and 5.6 percent), whereas the oilmeal index rebounded by 7.0 points (or 4.4 percent) to a 10-month high. While the oilseed and vegetable oil indices remained below the levels recorded in the corresponding month of the previous year, the oilmeal index posted a marginal gain over the previous year’s value.