Here is a basic summary of the latest trends and patterns in global edible oil prices over the past three months (January-March 2025). The prices of edible oils such as palm, soybean, sunflower and rapeseed fluctuate based on supply-demand dynamics, geopolitical events and production changes.
Palm Oil: In early 2025, palm oil prices reportedly dipped by about 5.18% since January, with a benchmark price drop of roughly 230 MYR per metric ton. This suggests a softening from late 2024 highs, likely due to inventory adjustments in major markets like India, where stocks fell significantly. However, prices were still up 33–37% year-on-year for crude and refined palm oil as of February, reflecting a volatile but generally elevated range.
Soybean Oil: Soybean oil prices in South America were up 17–19% year-on-year by February, but specific monthly shifts are murkier. The U.S. saw a temporary oversupply due to reduced biodiesel production, which likely kept prices from spiking further in early 2025.
Sunflower Oil: Sunflower oil rose about 3.63% since January, with an increase of around 46 USD per ton. Annual gains were over 30% compared to last year, driven by tight supplies and demand shifts, but no clear intra-quarter trend stands out.
Rapeseed Oil: European rapeseed oil also saw a 17–19% year-on-year increase by February, though monthly granularity is lacking. Land competition and regulatory constraints in the EU suggest prices remained firm but didn’t surge dramatically.
Broadly, edible oil prices in early 2025 seem to have stabilized or slightly eased from late 2024 peaks, influenced by regional stock drawdowns (e.g., India’s palm oil) and trade tensions impacting demand outlooks. Global commodity forecasts, like those from the World Bank, point to a potential softening due to oversupply risks, but edible oils remain 30% above pre-COVID levels.
For precise figures, I’d need more specific data, which isn’t fully available here. If you want, I can dig deeper into one oil type or check real-time sources for updates—let me know
Source: Online/OFA
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