Black Sea Sunflower Oil Falls to Weekly Low

• Bullish: Chinese palm oil RBD and rapeseed oil in the EU advanced on tightening availability and firm regional demand.
• Bearish: Black Sea sunflower oil and global meal prices softened on ample supply and weaker feed demand signals.

Global Vegetable Oils and Oilseeds Update – January 19, 2026

Vegetable oil and oilseed markets showed mixed movements on January 19, 2026, with sharp contrasts between Black Sea sunflower oil weakness, robust gains in Chinese palm oil RBD, and pressure across key meal markets.

Vegetable Oil Prices

Commodity	Location / Basis	Delivery / Note	Price (USD/t)	Change (USD/t)	Comment
Sunflower oil	FOB Black Sea	Prompt	$1,290.00	-10.00	Weekly minimum
Sunflower oil	CIF Mumbai, India	Prompt	$1,402.95	0.00	Weekly maximum, unchanged
Soybean oil	FOB EU	Jan & Mar delivery	$1,291.98	-0.38	Marginal decline
Soybean oil	Dalian, China	Prompt	$1,173.56	+7.97	Firm domestic tone
Palm oil	FOB Malaysia	Through Feb	$1,027.34	0.00	Stable
Palm oil RBD	Dalian, China	Prompt	$1,236.75	+25.23	Sharp daily gain (+2.1%)
Palm kernel oil RBD	FOB Malaysia	Prompt	$1,880.55	-4.98	Slightly softer
Rapeseed oil	FOB Netherlands	Prompt	$1,199.49	+10.81	Solid advance

Sunflower oil FOB Black Sea led the downside, slipping $10/t to $1,290/t and marking the lowest level of the week, suggesting comfortable nearby supply. By contrast, CIF Mumbai sunflower oil held at $1,402.95/t, maintaining its weekly high and underscoring resilient import demand into India despite Black Sea weakness.

Soybean oil price action diverged regionally: FOB EU eased by a marginal $0.38/t to $1,291.98/t for both January and March positions, while Dalian China gained $7.97/t to $1,173.56/t, pointing to firmer domestic buying interest or tighter stocks in China.

In the palm complex, FOB Malaysia crude palm oil remained unchanged at $1,027.34/t through February, but RBD palm oil in Dalian China surged $25.23/t to $1,236.75/t, a move consistent with tightening local availability or robust industrial and food demand. Palm kernel oil RBD FOB Malaysia softened $4.98/t to $1,880.55/t, reflecting modest easing after prior strength.

Rapeseed oil FOB Netherlands climbed $10.81/t to $1,199.49/t, signaling ongoing demand support in the European complex and potentially tighter crush margins.

Meals and Oilseeds

Commodity	Location / Basis	Delivery / Note	Price (USD/t)	Change (USD/t)	Comment
Sunflower meal	CIF France	Prompt	$238.73	+1.00	Weekly maximum
Soybean meal	Dalian, China	Prompt	$439.73	-11.33	Weekly minimum
Soybean meal	CIF EU	Prompt	$365.17	-1.00	Slight decline
Rapeseed meal	FOB EU	Prompt	$250.38	-3.59	Weaker tone
Soybeans	Dalian, China	Mar delivery	$615.07	+4.15	Firmer futures

Meal markets were predominantly under pressure. Soybean meal in Dalian China fell $11.33/t to $439.73/t, a weekly low, while CIF EU soybean meal slipped $1.00/t to $365.17/t. Rapeseed meal FOB EU dropped $3.59/t to $250.38/t, collectively indicating improved crushing margins or softer feed demand across regions.

Sunflower meal CIF France was the exception, rising $1.00/t to $238.73/t, a weekly high, hinting at firm demand for alternative protein meals in Europe despite broader weakness in soy and rapeseed meal.

Soybeans on Dalian for March delivery strengthened by $4.15/t to $615.07/t, suggesting that futures are pricing in slightly tighter forward fundamentals even as downstream meals move lower.

Market Interpretation

The combination of lower Black Sea sunflower oil and weaker meal prices points to comfortable near-term supply and possibly slower feed consumption. At the same time, strength in Chinese palm oil RBD and EU rapeseed oil underscores region-specific tightness and demand resilience. Black Sea sunflower exporters should watch whether the $10/t decline draws in new buying interest or foreshadows further downside, while Chinese importers may reassess palm oil coverage given the sharp price jump.

Source: Market Data