- Bearish sunflower oil: Black Sea sunflower oil FOB slipped $17.50/t to $1,222.50/t, hitting the weekly low and signaling softer short‑term fundamentals.
- Sharp rapeseed oil correction: Rapeseed oil FOB Netherlands dropped $45.32/t to $1,240.04/t, the steepest decline among major vegetable oils.
- Mixed vegoil complex: Soybean and rapeseed oils weakened across key origins, while palm oil and EU soybean oil edged higher, underscoring divergent regional dynamics.
- Meals mostly softer: Sunflower and soybean meals eased, while rapeseed meal FOB EU rose to a weekly high, highlighting relative strength in rapeseed meal demand.
- Neutral to bearish outlook: Black Sea sunflower oil may see improved buying interest on lower prices, but overall sentiment remains neutral to bearish pending demand recovery.
Black Sea Sunflower Oil Market Update
Black Sea sunflower oil prices weakened on December 18, 2025, with FOB Black Sea quotes for December delivery falling $17.50/t day-on-day to $1,222.50/t, the lowest level of the week. January delivery positions held steady at the same $1,222.50/t level, suggesting a relatively flat near-term forward curve.
| Contract / Delivery | Price ($/t) | Daily Change ($/t) | Comment |
|---|---|---|---|
| Sunflower oil FOB Black Sea (Dec) | 1,222.50 | -17.50 | Weekly minimum |
| Sunflower oil FOB Black Sea (Jan) | 1,222.50 | 0.00 | Unchanged vs. previous day |
Global Vegetable Oil Prices
Vegetable oil markets showed mixed performance. Rapeseed oil in the Netherlands led the downside, while palm oil benchmarks in Malaysia and China strengthened. Soybean oil was weaker across most major origins, with all tracked quotes touching minimum price levels.
| Commodity / Origin | Price ($/t) | Daily Change ($/t) | Market Note |
|---|---|---|---|
| Rapeseed oil FOB Netherlands | 1,240.04 | -45.32 | Weekly minimum; sharpest decline |
| Soybean oil FOB Brazil | 1,077.29 | -8.96 | Weekly minimum |
| Soybean oil US CBOT | 1,060.64 | -9.04 | Weekly minimum |
| Soybean oil Dalian China | 1,146.70 | -5.87 | Weekly minimum |
| Palm oil FOB Malaysia | 1,004.95 | +2.49 | Gaining; remains discount to soft oils |
| Palm oil RBD Dalian China | 1,195.84 | +4.37 | Stronger regional demand |
| Soybean oil FOB EU | 1,271.16 | +3.90 | Marginal increase |
Meals and Protein Feed Market
Prices in the meals segment were mostly under pressure, reflecting softer demand or improved supply, with the notable exception of rapeseed meal in the EU, which reached a weekly high.
| Meal / Origin | Price ($/t) | Daily Change ($/t) | Weekly Status |
|---|---|---|---|
| Sunflower meal CIF France | 257.85 | -0.39 | Softer |
| Soybean meal FOB Brazil | 332.73 | -0.90 | Weakness continues |
| Soybean meal Dalian China | 433.74 | -3.12 | Declining |
| Rapeseed meal FOB EU | 213.31 | +2.02 | Weekly maximum |
Oilseed Futures and Cash Prices
Oilseed benchmarks were predominantly lower, aligning with the softness observed in vegetable oil and meal markets. Brazilian soybeans on an FOB basis were the main outlier, holding steady despite broader weakness.
| Oilseed / Market | Price ($/t) | Daily Change ($/t) | Comment |
|---|---|---|---|
| Soybeans US CBOT | 386.63 | -2.20 | Lower |
| Soybeans Dalian China | 575.05 | -5.92 | Lower |
| Rapeseed MATIF France | 540.32 | -7.87 | Weaker |
| Soybeans FOB Brazil | 405.26 | 0.00 | Unchanged |
Market Analysis and Outlook
The decline in Black Sea sunflower oil prices mirrors broader weakness in soybean and rapeseed oils, bringing sunflower oil closer to competitive parity with rival soft oils. Nevertheless, it continues to trade at a substantial premium to palm oil at $1,004.95/t, preserving palm’s cost advantage in price-sensitive markets.
Rapeseed oil’s pronounced drop in the Netherlands may offer indirect support to Black Sea sunflower oil by narrowing the spread in key European destinations and encouraging some demand rotation. For Black Sea exporters, the latest price adjustment could stimulate renewed interest from traditional buyers looking to secure volumes ahead of year-end.
Overall, the outlook for Black Sea sunflower oil remains neutral to bearish in the near term. Further direction will hinge on the pace of demand recovery, the relative pricing versus palm and competing soft oils, and any shifts in crush margins that might alter supply dynamics across the oilseed complex.
Source: Market Data
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