15:55 - 7.08.2026

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August 7, Fineko/abc.az. The FAO vegetable oil price index rose 2.0% to 195.7 points in July 2026, reaching its highest level since June 2022.

The growth was driven by higher prices for palm and soybean oils amid strong demand from Indonesia's biofuels sector and steady imports to the U.S.
At that, the FAO sugar price index grew by 5.6% over the month to 95.0 points.

The heat wave in the EU, the risks of El Niño in Asia and the expected increase in demand for ethanol in Brazil contributed to the price increase.