- Bullish: Black Sea sunflower oil and Asian soybean oil led gains, with multiple vegetable oils reaching weekly or maximum price levels amid solid import demand.
- Bearish: US soybean complex (beans, meal, oil) and several meals hit minimum values, signaling pressure from global competition and possible soft feed demand.
Global Vegetable Oil Market Update – December 5, 2025
Vegetable Oils
| Commodity | Location / Contract | Price (US$/t) | Daily Change | Comment |
|---|---|---|---|---|
| Sunflower oil | FOB Black Sea (Dec) | 1,210.00 | +20.00 | Continues rally |
| Sunflower oil | CIF Mumbai, India | 1,348.23 | +9.95 | Maximum level |
| Soybean oil | FOB EU (Feb) | 1,274.16 | +11.44 | Stronger EU market |
| Soybean oil | FOB Brazil | 1,127.34 | -4.38 | Softening export values |
| Soybean oil | US CBOT | 1,132.30 | -3.75 | Pressure with broader soy complex |
| Soybean oil | Dalian, China | 1,204.88 | +33.96 | Maximum level; strongest daily gain |
| Rapeseed oil | FOB Netherlands | 1,268.92 | +5.67 | Weekly high |
| Palm oil | FOB Malaysia | 1,037.29 | +7.46 | Weekly maximum |
| Coconut oil | FOB Indonesia | 2,722.71 | -62.83 | Minimum value; sharpest decline |
Global vegetable oil prices moved in mixed directions on December 5, with Black Sea sunflower oil extending its rally and several contracts marking weekly or maximum highs. In contrast, coconut oil and some soybean oil benchmarks weakened, reflecting shifting regional balances and demand patterns.
Sunflower oil FOB Black Sea advanced 1.7% day-over-day to $1,210/t for December delivery, supported by strong import demand, most notably from India, where CIF Mumbai values reached a maximum of $1,348.23/t. The price premium of sunflower oil over palm oil, now around $170/t, remains substantial and could limit further upside if buyers increasingly substitute with cheaper palm oil.
Soybean oil movements were highly regional. EU FOB soybean oil strengthened to $1,274.16/t, whereas Brazilian and US CBOT soybean oil eased, highlighting softening Americas export values. China’s Dalian soybean oil led gains globally, jumping $33.96/t to a maximum of $1,204.88/t, suggesting robust domestic crushing margins or demand.
Rapeseed oil FOB Netherlands climbed to a weekly high of $1,268.92/t, while Malaysian palm oil FOB touched a weekly maximum at $1,037.29/t, underlining firmer sentiment in both markets. By contrast, Indonesian coconut oil dropped $62.83/t to $2,722.71/t, marking the steepest decline among the oils and hitting a minimum price level.
Meals
| Commodity | Location | Price (US$/t) | Daily Change | Comment |
|---|---|---|---|---|
| Sunflower meal | CIF France | 261.93 | -0.03 | Essentially flat |
| Soybean meal | CIF EU | 390.04 | +8.96 | Maximum value |
| Soybean meal | Dalian, China | 426.90 | +0.11 | Marginal gain |
| Soybean meal | FOB Brazil | 340.49 | -5.17 | Weaker export market |
| Soybean meal | US CBOT | 335.87 | -4.19 | Minimum value |
| Rapeseed meal | FOB EU | 209.55 | -8.17 | Minimum value |
Protein meal markets also displayed divergence. Sunflower meal CIF France was stable near $262/t, while EU soybean meal strengthened to a maximum of $390.04/t, underscoring tightness or strong feed demand in Europe compared with export origins.
Brazilian and US soybean meal benchmarks fell to $340.49/t and $335.87/t respectively, with the US CBOT contract touching a minimum value. This weakness, together with softer soybeans, highlights competitive pressure in the global soy complex. Rapeseed meal FOB EU slipped sharply to $209.55/t, also a minimum, pointing to either oversupply or waning regional feed demand.
Oilseeds
| Commodity | Exchange / Contract | Price (US$/t) | Daily Change | Comment |
|---|---|---|---|---|
| Soybeans | US CBOT (Jan) | 406.10 | -5.24 | Minimum value |
| Soybeans | Dalian, China | 578.25 | -4.38 | Minimum value |
| Rapeseed | MATIF France (Feb) | 554.71 | +2.26 | Higher with firmer vegoils |
Benchmark oilseeds showed further softness in soybeans, with US CBOT and Dalian contracts both closing at minimum values. This broad weakness across US soybeans, soybean meal, and soybean oil points to intense global competition, particularly from South America.
Rapeseed on MATIF France moved modestly higher to $554.71/t, tracking strength in rapeseed oil and offering some support to the European oilseed complex despite pressure from cheaper soy alternatives.
Market Sentiment and Strategic Takeaways
Overall sentiment is neutral to bullish for Black Sea sunflower oil as prices continue to rise on firm demand, though the sizable premium over palm oil may cap further gains if substitution accelerates. For the broader oilseed complex, sentiment remains neutral, with weakness in US and Brazilian soy markets partly offset by strength in European and Chinese oil and meal prices.
Source: Market Data
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