U.S Soybean Oil is Pricey but Not Running Out


The price of soybean oil was 59¢ per lb on Jan. 12 on the Chicago Board of Trade, which was up 37% from 43¢ on Jan. 12, 2021. Higher prices have hit other commodities as well, with coffee up 76% from a year ago and palm oil up 35%. “We’re not in any sort of critical space”. Read more here.

Author: Food Business News