Poster in Jul 01, 2025 13:25:29

Canola oil market price

Canola oil market price

The price of canola oil varies based on location, whether it's an export or import price, and the specific market. In Bangladesh, export prices in 2023 ranged from $2.51 to $4.32 USD per kg, while import prices ranged from $0.36 to $2.03 USD per kg. Globally, farmgate prices over the past four weeks have typically been between $1.17 and $1.19 USD per kg. 

Here's a more detailed breakdown:

Bangladesh:

The export price of Canola Oil from Bangladesh has demonstrated stability over the last two years, indicating a consistent market trend. In 2023, export prices for Bangladesh Canola Oil ranged from $2.51 USD per kg to $4.32 USD per kg. By 2024, the export price remained steady between $2.55 and $4.36 USD per kg, reflecting a balanced supply and demand in the Bangladesh Canola Oil export market.

Export Prices (2023): $2.51 to $4.32 USD per kg.

Import Prices (2023): $0.36 to $2.03 USD per kg.

Export Prices (2024): Remained stable, between $2.55 and $4.36 USD per kg. 

Global Farmgate Prices (Past 4 Weeks):

Typically ranged from $1.17 to $1.19 USD per kg.  Over the past 4 weeks, the global wholesale price of Canola Oil generally ranged from $1.52 USD per kg to $2.32 USD per kg, or from $0.69 USD per pound (lb) to $1.05 USD per pound (lb).

Other Considerations:

Wholesale and Farmgate Prices:

Tridge provides data on both wholesale and farmgate prices of refined canola oil and rapeseed oil. 

Market Trends:

Tridge also tracks price changes and trends for different countries and varieties. 

Leading Market:

The US is a leading market for canola, with a value of $8.6 billion in 2023. The United States is Canada’s leading market for canola, valued at $8.6 billion in 2023, and is the top export destination for canola oil and meal. Mexico is a highly valued market for canola seed, valued at $1.0 billion in 2023.  A robust North American agriculture market and a strong trading partnership are instrumental to canola farmers' competitiveness. Canada-United States-Mexico Agreement (CUSMA) entered into force in June 2020, strengthening its precursor, the North American Free Trade Agreement (NAFTA), providing farmers with open access and market predictability. As a CUSMA review is set to occur in 2026, preparation and leveraging close trade relations are required to maintain and grow our market presence in the region.

-SZK

Comment Now

Latest Publication