Institutions: Middle East situation will keep edible oil and crude oil prices at high levels

MarsBitNews · 2026-03-09T09:27:19+00:00

Fitch Ratings analysts pointed out that if tensions in the Middle East escalate, the prices of edible oils and crude oil may remain high, with biofuel demand supporting edible oil prices, while palm oil prices are affected by Indonesian policy risks and holiday demand. U.S. soybean production is strong and is expected to ease tightness in the soybean oil market.

MarsBitNews

2026-03-09 09:27:19

Abstract generation in progress

Mars Finance News: On March 9, Fitch’s research arm BMI commodity analyst Bin Hui Ong stated that if tensions in the Middle East persist, the prices of edible oils and crude oil may remain high. Stronger demand for biofuel raw materials will support edible oil prices. However, prices will still be influenced by the supply and demand fundamentals of various vegetable oils. Palm oil prices will continue to be supported by Indonesia’s ongoing policy risks and seasonal holiday demand. The analyst said, “Meanwhile, U.S. soybean production is strong, which may alleviate some of the tension in the global soybean oil market.” (Jin10)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes