Global vegetable oil prices increased in June, according to the benchmark United Nations’ Food and Agriculture Organization (FAO) Vegetable Oil Price Index released on 3 July.
The increase reflected the combined effect of higher palm and rapeseed oil prices and stable sunflower oil prices, which more than offset lower soyabean oil quotations.
“Following a brief decline in May, international palm oil prices rebounded in June, supported mainly by expectations of tighter export availability from Indonesia, on account of stronger domestic feedstock demand for biodiesel and potentially lower output due to declining yields,” the FAO said.
“Global rapeseed oil prices continued to rise, driven largely by firm biofuel demand and unfavourable weather conditions affecting plantings in Australia and Canada.”
World sunflower oil prices remained broadly stable, as the impact of continued tightness in 2025/26 was offset by expectations of increased supplies in 2026/27.
Meanwhile, global soyabean oil quotations declined slightly, under pressure from seasonally increasing supplies in South America and declining crude oil prices.
The FAO’s vegetable oil price index illustrates the changes in international prices of the 10 most important vegetable oils in world trade, weighted according to their export shares.
