How higher crude oil prices also increase the price of vegetable oils

Recently a news clip that higher crude oil prices affect the prices of vegetable oils grabbed my attention and I tried get more information on this.

So the reasons why the price of vegetable oil is also rising are:

1. More and more vegetable oil is used as BIO FUEL. Yes so your palm oil, castor oil, soya bean oil which are usually used for cooking is now used as a fuel. So less oil available for cooking -> Price rises

2. More and more crops such as corn are now being used for making bio fuels instead of cooking oil. So less crop for cooking purposes. Price rises.

3. Farmers are realizing more profits by switching to bio fuel crops. Then less crop for vegetable oil -> Price rises

**Interestingly, corn which is used for producing ethanol is not only used in cereal but is also fodder for cattle. So also expect a price hike in meat and milk.