FAO: Global food prices rose to a more than three-year high in April amid the shadow of conflict.

① According to the United Nations Food and Agriculture Organization, global food prices rose to their highest level in more than three years in April, reaching 130.7 points, due to the situation in the Middle East; ② The vegetable oil price index increased by 5.9% month-on-month, reaching its highest level since July 2022; ③ Despite supply disruptions, the global agri-food system remains stable overall, with only a moderate increase in grain prices. However, the area planted with wheat is expected to decrease by 2026.

cls.cnMay 9 11:46

Palm Oil Ended Lower on Potential Peace Deal Between U.S., Iran -- Market Talk

WSJMay 6 18:15

Trump's suspension of the 'Freedom Plan' triggers commodity market turmoil; soybean oil hits a three-and-a-half-year high before retreating.

Following President Trump's announcement of a suspension of the U.S.-led escort operations in the Strait of Hormuz, crude oil prices plummeted, and soybean oil futures contracts retreated from their highest level in three and a half years.

Zhitong FinanceMay 6 15:35

Palm Oil Rises, Tracks Gains in Crude, Soybean Prices -- Market Talk

WSJMay 4 18:18

Warning of 2 Million Ton Production Cut Amid V-Shaped Rebound: Can Palm Oil Bears Withstand the Impact of Tight Indonesian Supply and Soaring Crude Oil Prices?

On Wednesday (April 29), the Malaysian palm oil futures market experienced a V-shaped reversal, marking the second consecutive trading day of gains. In the early trading session, the market initially showed weakness, with the benchmark July contract price dropping to a low of 4,491 ringgit. However, sentiment quickly reversed as external edible oil markets rebounded and international crude oil prices surged significantly. By the close of trading, the benchmark July palm oil contract on the Bursa Malaysia Derivatives Exchange (BMD) rose by 42 ringgit, or 0.93%, to settle at 4,578 ringgit per ton (approximately 1,158.99 US dollars). This market's "remarkable recovery" was primarily driven by...

FX678 FinanceApr 29 18:37

World Bank: Middle East conflict drives up commodity prices, weighing on global economic growth.

The World Bank stated on Tuesday that the conflict in the Middle East has triggered a surge in commodity prices, which could drive up inflation in developing economies and suppress economic growth. Since the initial strikes by the United States and Israel on Iran at the end of February, shipping through the Strait of Hormuz has largely come to a halt, leading to a significant reduction in the global supply of oil, natural gas, urea, and various raw materials. Affected by the supply shortage, commodity prices have risen sharply. In its Commodity Markets Outlook report, the World Bank noted that even if navigation through the Strait of Hormuz gradually resumes next month, the average price of Brent crude oil this year is still expected to reach $86 per barrel, far higher than the projected $65 for 2025. Due to other factors...

Global Market NewsApr 28 22:28