- Bearish sunflower oil: Black Sea sunflower oil FOB fell to a weekly low of $1,300/t, signaling softer demand or improved export availability.
- Bullish meals: Soybean meal and rapeseed meal hit new highs across major exchanges, reflecting strong feed demand and supporting crush margins.
- Rapeseed oil strength: Rapeseed oil FOB Netherlands surged to a record $1,291.39/t amid tightening European supplies.
- Mixed vegetable oils: European soybean oil eased while US and Chinese soybean oil benchmarks advanced, highlighting regional divergence.
- Oilseeds higher: Soybeans and rapeseed futures gained, with US CBOT and Dalian soybeans reaching maximum values.
Global Vegetable Oil Market Update – February 12, 2026
Vegetable oil markets showed mixed signals on February 12, 2026, with weakness in Black Sea sunflower oil contrasting with strength in rapeseed oil and select soybean oil benchmarks. Regional price divergence underscores shifting supply-demand conditions across major export hubs.
Sunflower Oil and Palm Oil
Black Sea sunflower oil prices retreated to a weekly low, while palm oil benchmarks were broadly stable to slightly firmer in Asia. The softer Black Sea values may improve the region’s export competitiveness but could weigh on crush margins if seed costs remain elevated.
| Commodity | Location / Basis | Price (US$/t) | Change (US$/t) | Comment |
|---|---|---|---|---|
| Sunflower oil | FOB Black Sea | $1,300.00 | -5.00 | Weekly minimum |
| Sunflower oil | CIF Mumbai, India | $1,412.90 | -9.95 | Tracks Black Sea weakness |
| Palm oil | FOB Malaysia | $1,064.65 | 0.00 | Stable |
| RBD palm oil | Dalian China | $1,289.96 | +2.15 | Marginal gain |
Soybean Oil and Rapeseed Oil
Soybean oil pricing diverged across regions. European FOB values eased, while US CBOT and Dalian China benchmarks firmed, with the US contract reaching a maximum. Rapeseed oil in the Netherlands surged to a fresh record, underscoring tightening European supply.
| Commodity | Location / Basis | Price (US$/t) | Change (US$/t) | Comment |
|---|---|---|---|---|
| Soybean oil | FOB Europe (Feb) | $1,293.20 | -11.81 | Nearby contract |
| Soybean oil | FOB Europe (Mar) | $1,293.20 | 0.00 | Unchanged |
| Soybean oil | US CBOT | $1,268.54 | +10.80 | Maximum price |
| Soybean oil | Dalian China | $1,185.34 | +2.84 | Firm tone |
| Rapeseed oil | FOB Netherlands | $1,291.39 | +13.06 | New price record |
Protein Meals
The meal complex was broadly stronger, with soybean meal reaching maximum values across all major exchanges and rapeseed meal posting double-digit gains. Sunflower meal remained steady, lagging the wider rally but still benefiting from a firm feed demand backdrop.
| Commodity | Location / Basis | Price (US$/t) | Change (US$/t) | Comment |
|---|---|---|---|---|
| Soybean meal | Dalian China | $442.11 | +5.51 | Maximum value |
| Soybean meal | CIF EU | $393.03 | +7.96 | Maximum value |
| Soybean meal | US CBOT | $339.40 | +5.40 | Maximum value |
| Rapeseed meal | FOB EU | $283.68 | +10.68 | Strong gains |
| Sunflower meal | CIF France | $261.13 | 0.00 | Unchanged |
Oilseeds Futures
Oilseed benchmarks trended higher, led by soybeans on US and Chinese exchanges as both markets printed fresh highs. European rapeseed futures also firmed, extending gains in the broader rapeseed complex.
| Commodity | Exchange / Basis | Price (US$/t) | Change (US$/t) | Comment |
|---|---|---|---|---|
| Soybeans | US CBOT | $417.86 | +4.87 | Maximum value |
| Soybeans | Dalian China | $653.38 | +10.06 | Maximum value |
| Rapeseed | MATIF France | $579.23 | +1.19 | Higher close |
Market Analysis and Implications
The weakness in Black Sea sunflower oil likely reflects improved export availability or softer demand from key buyers such as India, where CIF values also declined. In contrast, robust gains in soybean and rapeseed meals indicate strong feed demand, which supports crush margins and underpins oilseed prices.
European rapeseed oil’s record levels highlight tightening regional supply, amplifying the premium over some competing oils. For Black Sea exporters, lower sunflower oil prices increase competitiveness but may pressure profitability depending on seed costs and freight. The broad strength in meals and oilseeds suggests underlying demand remains firm despite mixed moves in the vegetable oil complex.
Source: Market Data
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