- Bearish Black Sea Origin: December-delivery Black Sea sunflower oil eased by $10.00/t to $1,205.00/t, touching a weekly low despite strength in competing vegoils.
- Bullish Destination Demand: CIF Mumbai sunflower oil prices firmed, gaining nearly $10.00/t, signaling solid end-user demand for sunflower oil.
- Supportive Vegoil Complex: Palm and soybean oil prices rose across major hubs, helping underpin the broader vegetable oil market.
- Mixed Meal & Oilseed Signals: Softer soybean meal and uneven oilseed prices raise questions over crush margins and the durability of the current vegoil rally.
Black Sea Sunflower Oil Market Update
Black Sea FOB sunflower oil prices softened on December 2, 2025, even as the broader vegetable oil complex strengthened. December-delivery sunflower oil was assessed at $1,205.00/t, down $10.00/t from the previous session and marking a weekly low. The decline contrasts with gains in palm and soybean oil across key export origins and exchanges.
The relative weakness in Black Sea sunflower oil suggests origin-specific pressure, likely driven by ample nearby supply or localized logistical constraints. At the same time, destination demand remains firm, with CIF Mumbai sunflower oil prices increasing by nearly $10.00/t, underscoring solid buying interest from key import markets such as India.
Global Vegetable Oil Prices (Dec-02-2025)
| Commodity | Basis | Price ($/t) | Daily Change ($/t) |
|---|---|---|---|
| Sunflower Oil | FOB Black Sea | $1,205.00 | -$10.00 |
| Sunflower Oil | CIF Mumbai | $1,333.30 | +$9.95 |
| Soybean Oil | US CBOT | $1,154.12 | +$6.39 |
| Soybean Oil | FOB EU | $1,277.86 | +$1.34 |
| Palm Oil | FOB Malaysia | $1,032.31 | +$12.44 |
| Rapeseed Oil | FOB Netherlands | $1,259.88 | -$5.65 |
Global Meal & Oilseed Prices (Dec-02-2025)
| Commodity | Basis | Price ($/t) | Daily Change ($/t) |
|---|---|---|---|
| Sunflower Meal | CIF France | $261.51 | +$0.27 |
| Soybean Meal | US CBOT | $340.17 | -$2.76 |
| Soybean Meal | FOB Brazil | $328.55 | -$2.79 |
| Soybeans | US CBOT | $413.27 | -$1.19 |
| Soybeans | FOB Brazil | $456.80 | -$2.49 |
| Rapeseed | MATIF France | $560.79 | +$4.65 |
Market Analysis
The divergence between softer Black Sea FOB sunflower oil and firmer global vegoil benchmarks points to localized bearish factors at origin rather than broad-based weakness. Sellers in the Black Sea may be facing pressure to move nearby volumes, or dealing with logistics that are temporarily capping values.
At the same time, firm CIF India values confirm ongoing demand from key importers, limiting downside at the destination level. Palm oil strength out of Malaysia, together with modest gains in soybean oil in the US and EU, offers underlying support to the vegoil complex. However, weaker soybean meal prices and mixed oilseed performance highlight pressure on crush margins, leaving the broader outlook neutral. Traders will monitor relative spreads between sunflower oil, palm oil, and soybean oil to gauge substitution and demand shifts.
Source: Market Data
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