- Sunflower oil rally: Black Sea sunflower oil surged $30.00/t to a record $1,420.00/t, driven by strong Indian demand and tight supply.
- Mixed soy complex: Soybean oil and soybean prices mostly firmed, but soybean meal showed sharp regional divergence, with EU prices falling and China strengthening.
- Pressure on rapeseed & palm: Rapeseed oil FOB Netherlands fell $15.13/t to a minimum value, and palm oil FOB Malaysia edged lower, signaling softer demand for these oils.
- Regional divergence: Chinese vegoil and meal markets generally gained while EU benchmarks for rapeseed oil and soybean meal weakened, highlighting localized supply-demand dynamics.
Vegetable Oils Market Overview
Global vegetable oil prices on January 14, 2026, showed mixed movements, with sunflower oil benchmarks hitting record highs while rapeseed oil and palm oil came under pressure. Pricing dynamics reflected strong import demand from India, contrasting regional fundamentals in Europe and China, and varied performance across the broader soy complex.
Vegetable Oil Prices
| Commodity | Location / Contract | Price (US$/t) | Change (US$/t) | Note |
|---|---|---|---|---|
| Sunflower oil | FOB Black Sea | $1,420.00 | +30.00 | Record high |
| Sunflower oil | CIF Mumbai, India | $1,397.98 | +24.88 | Record high |
| Soybean oil | FOB EU | $1,291.53 | +5.79 | Maximum value |
| Soybean oil | FOB Brazil | $1,144.65 | -0.40 | Marginal decline |
| Soybean oil | US CBOT | $1,119.07 | -0.44 | Marginal decline |
| Soybean oil | Daylian China | $1,179.98 | +0.76 | Firm |
| Rapeseed oil | FOB Netherlands | $1,207.22 | -15.13 | Minimum value |
| Palm oil | FOB Malaysia | $1,019.88 | -2.49 | Softer |
| RBD palm oil | Daylian China | $1,244.80 | +0.00–0.50* | Slight increase (exact change not specified) |
Sunflower oil led the vegetable oil complex, with Black Sea FOB and CIF Mumbai benchmarks both setting new highs amid robust Indian buying. By contrast, rapeseed oil FOB Netherlands fell to a minimum value, while palm oil FOB Malaysia eased modestly. Soybean oil performance was mixed, with EU prices at a maximum and slight softness in Brazil and US contracts.
Meal Prices
| Commodity | Location / Contract | Price (US$/t) | Change (US$/t) | Note |
|---|---|---|---|---|
| Soybean meal | FOB Brazil | $326.76 | -1.79 | Minimum value |
| Soybean meal | CIF EU | $371.14 | -9.95 | Minimum value |
| Soybean meal | Daylian China | $449.30 | +0.29 | Maximum value |
| Soybean meal | US CBOT | $316.58 | +0.88 | Firm |
| Rapeseed meal | FOB EU | $237.49 | +2.33 | Higher |
| Sunflower meal | CIF France | $238.65 | 0.00 | Unchanged |
Soybean meal markets showed sharp regional divergence: EU and Brazilian benchmarks slid to minimum values, while Chinese and US contracts edged higher. Rapeseed meal in the EU gained modestly, and sunflower meal into France was stable.
Oilseed Prices
| Commodity | Location / Contract | Price (US$/t) | Change (US$/t) | Note |
|---|---|---|---|---|
| Soybeans | FOB Brazil | $404.87 | +1.39 | Stronger |
| Soybeans | US CBOT | $378.64 | +2.66 | Stronger |
| Soybeans | Daylian China | $621.40 | +0.40 | Maximum value |
| Rapeseed | MATIF France | $547.44 | -3.78 | Weaker |
Oilseed benchmarks were generally firmer for soybeans across Brazil, the US, and China, with the Chinese contract at a maximum value. Rapeseed on MATIF France moved in the opposite direction, extending recent weakness.
Market Analysis
Sunflower oil FOB Black Sea is exhibiting strong bullish momentum, supported by sustained export flows and robust Indian demand that has driven both Black Sea and CIF Mumbai benchmarks to fresh records. The pronounced strength in sunflower oil, contrasted with softness in rapeseed oil and palm oil, underscores product-specific demand rather than a uniform rally in the vegetable oil complex. Meanwhile, the divergence in soybean meal—weak in Europe, firm in China and the US—highlights regional supply and crush dynamics, even as underlying soybean prices trend higher across major origins.
Source: Market Data
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