Continued Coronavirus Optimism Drives World Vegetable Oil Prices Higher

Continued Coronavirus Optimism Drives World Vegetable Oil Prices Higher

Continued Coronavirus Optimism Drives World Vegetable Oil Prices Higher

World vegetable oil markets ripped higher on Tuesday on growing hopes that the coronavirus pandemic will not have as significant an impact on the world economy as previously feared. Vegetable oil remained uncoupled from crude oil, which fell about four percent on Tuesday, but prices seemed to draw support from a sharp rally in equities. However,…

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