​World’s Most Consumed Vegetable Oil Hits Two-Year High Amid Sticky Food Inflation – Tyler Durden

World’s Most Consumed Vegetable Oil Hits Two-Year High Amid Sticky Food Inflation Palm oil futures surged to a two-year high on Monday amid mounting concerns over tightening supplies. As a staple edible oil for over three billion people, especially in Asia, soaring prices are a worrisome trend: global food inflation may be sticky.  Bloomberg reports palm oil futures reached the highest level since July 2022 on Monday morning. The vegetable oil has jumped more than 15% this month and is on track for the third consecutive month of gains on production woes across top-growing regions.  The latest data from the Indonesian Palm Oil Association shows palm…  — Continue at ZeroHedge News : Read More