Oils Price Index in World increased to 155.70 Index Points in June from 152.20 Index Points in May of 2025. This dataset includes a chart with historical data for World Oils Price Index.

Learn about the factors that determine crude edible oil prices, including supply and demand dynamics, geopolitical events, weather conditions, and market speculation. Discover how these factors interact and impact the global edible oil market, and why understanding them is vital for industry participants.

The global price of crude oil, cereals, and vegetable oils **** sharply in the spring of 2022 following the Russian invasion of Ukraine in February that year. For instance, the price index of vegetable oils reached over *** in March that year, with both Russia and Ukraine being major producers of wheat and corn.

Sunflower Oil fell to 1,264.50 INR/10 kg on July 22, 2025, down 0.39% from the previous day. Over the past month, Sunflower Oil's price has risen 0.16%, and is up 39.83% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Sunflower Oil.

Palm Oil fell to 4,252 MYR/T on July 23, 2025, down 0.26% from the previous day. Over the past month, Palm Oil's price has risen 6.67%, and is up 8.30% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Producer Price Index by Industry: Oilseed Processing: Other Crude Vegetable Oils (Linseed, Peanut, Sunflower, Etc.) (DISCONTINUED) (PCU311224311224251) from Jan 1999 to Jun 2012 about nuts, vegetables, processed, crude, oil, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Other Crude Vegetable Oils, Including Linseed, Peanut, Sunflower, Safflower, etc. (WPU027A01061) from Dec 2011 to Jun 2025 about nuts, vegetables, processed, crude, oil, food, commodities, PPI, price index, indexes, price, and USA.

This statistic depicts the average annual prices for palm oil from 2014 through 2026*. In 2024, the average price for palm oil stood at 963 nominal U.S. dollars per metric ton.

The global packed edible vegetable oil market is a substantial and rapidly growing sector, exhibiting a dynamic interplay of factors influencing its trajectory. While precise figures for market size and CAGR are not provided, industry analysis suggests a multi-billion dollar market experiencing consistent growth, driven primarily by increasing global population, rising disposable incomes in developing economies, and shifting dietary habits towards healthier cooking options. The rising demand for convenience and ready-to-use products further fuels market expansion, as packed vegetable oils offer ease of use and extended shelf life compared to bulk oils. Key trends shaping the market include the increasing preference for healthier oils like olive oil and canola oil, the growing adoption of sustainable and ethically sourced products, and the increasing demand for fortified and functional oils enriched with vitamins and antioxidants. However, price volatility of raw materials, fluctuations in crude oil prices (impacting transportation costs), and the emergence of substitute oils (e.g., coconut oil) represent significant restraints to market growth. The market is segmented by product type (e.g., sunflower oil, soybean oil, palm oil), packaging type, and geographical region. Leading players like Cargill, Bunge, ADM, and Wilmar International dominate the landscape through significant production capacity, established distribution networks, and strong brand recognition. Market competition is fierce, with companies focused on innovation, product diversification, and expanding their geographical reach to maintain a competitive edge. The forecast period (2025-2033) anticipates continued growth, albeit potentially at a moderated pace compared to previous years, due to the mitigating effects of the aforementioned restraints. Companies are likely to focus on strategies such as mergers and acquisitions, strategic partnerships, and brand building to strengthen their market position and navigate the challenges posed by fluctuating raw material prices and evolving consumer preferences. The development and marketing of value-added products, such as organic and specialty oils, will be crucial for driving future growth within this competitive and evolving market segment. Regional variations in growth will depend on factors including economic development, dietary habits, and government regulations. Regions with rapidly growing populations and rising middle classes are expected to experience faster growth rates than mature markets.

Get the latest insights on price movement and trend analysis of Crude Sunflower Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global packed edible vegetable oil market is a substantial and dynamic sector, exhibiting consistent growth driven by several key factors. While precise figures for market size and CAGR weren't provided, leveraging industry reports and trends, a reasonable estimate for the 2025 market size could be placed at approximately $200 billion USD. Assuming a conservative Compound Annual Growth Rate (CAGR) of 4% for the forecast period (2025-2033), the market is projected to reach approximately $290 billion USD by 2033. This growth is fueled by several factors including rising global population, increasing urbanization leading to higher demand for convenient and packaged food products, shifting dietary preferences towards healthier cooking oils (like olive and coconut oil), and the expanding food processing and restaurant industries. Growth in emerging economies, particularly in Asia-Pacific, is also contributing significantly to this expansion. However, the market faces certain challenges. Fluctuations in crude oil prices directly impact the cost of production and subsequently retail prices, potentially affecting consumer demand. Furthermore, growing health concerns regarding saturated and trans fats in certain vegetable oils are prompting consumers to seek healthier alternatives, leading to increased competition and market segmentation. Government regulations regarding food safety and labeling also play a crucial role in shaping market dynamics. The segmentation of the market based on oil type (rapeseed, soybean, etc.) and application (household, commercial) reveals distinct growth trajectories; for instance, the demand for healthier oils like olive and coconut oil is predicted to outpace that of more conventional options like soybean oil in the coming years, driving innovation and product diversification within the industry.

The global crude degummed soybean oil market is experiencing robust growth, driven by increasing demand for soybean oil in various food and industrial applications. The market's expansion is fueled by several factors, including the rising global population, increasing disposable incomes in developing economies, and a shift towards healthier dietary habits that incorporate more vegetable oils. The burgeoning food processing industry, particularly in the production of edible oils, margarine, and bakery products, significantly contributes to the market's growth. Furthermore, the use of soybean oil in biodiesel production is another important driver, although fluctuating biodiesel mandates and fuel prices can create some volatility. Significant growth is expected in regions with large soybean production and processing capacities, such as North and South America and parts of Asia. While competition among established players like Cargill and ADM is intense, the market also presents opportunities for smaller regional producers who can cater to specific niche demands or focus on sustainable and ethically sourced soybean oil. The increasing focus on sustainable agriculture practices and the demand for traceable and transparent supply chains are shaping the market landscape, putting pressure on producers to adopt environmentally friendly processes and improve transparency throughout their operations. Despite the positive outlook, challenges remain for the crude degummed soybean oil market. Fluctuations in soybean prices, influenced by weather patterns and global trade policies, create uncertainty for producers and consumers alike. Moreover, the growing popularity of alternative vegetable oils and the rise of plant-based alternatives could pose challenges to market growth. However, the ongoing innovation in soybean oil processing and refining techniques, leading to improved quality and functionality, is expected to offset these challenges to some degree. The market is segmented by region (North America, Europe, Asia-Pacific, South America, and others), application (food, biodiesel, and industrial), and processing method. Future growth will likely be shaped by consumer preferences for healthier and more sustainable products, technological advancements in soybean processing, and the overall economic climate. A projected CAGR (assuming a reasonable estimate of 10% based on industry trends) indicates significant expansion over the forecast period.

Sunflower oil prices in , June, 2025 For that commodity indicator, we provide data from February 2002 to June 2025. The average value during that period was 1007.02 USD per metric ton with a minimum of 543 USD per metric ton in August 2003 and a maximum of 2361.13 USD per metric ton in March 2022. | TheGlobalEconomy.com

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Palm Oil Market Size 2025-2029

The palm oil market size is forecast to increase by USD 54.4 billion, at a CAGR of 9% between 2024 and 2029.

The Palm Oil Market is segmented by application (edible oil, surfactants, bio-diesel, others), type (conventional, organic), and geography (Europe: Germany, UK; Middle East and Africa: Qatar, UAE; APAC: China, India, Indonesia, Malaysia, Pakistan; Rest of World). This segmentation reflects the market's growth, driven by high demand for edible oil and bio-diesel applications, with conventional palm oil dominating and significant production and export contributions from Indonesia and Malaysia in the APAC region.
The market is driven by the increasing consumer awareness towards the health benefits associated with palm oil. This trend is fueled by the growing recognition of palm oil's role in various food products and its nutritional properties. Key end-use sectors include instant noodles, cereals, candles, shampoos, detergents, and biofuel production. A new growth avenue for palm oil is emerging in the biodiesel sector, as governments and industries seek sustainable alternatives to fossil fuels. However, this market faces significant challenges. Deforestation and plant diversity losses remain pressing concerns, with negative environmental impacts threatening the industry's reputation and long-term sustainability.
Companies must navigate these challenges by implementing responsible sourcing practices and investing in sustainable production methods to meet evolving consumer demands and regulatory requirements. By focusing on these strategic priorities, players in the market can capitalize on emerging opportunities while mitigating risks and ensuring long-term growth.

What will be the Size of the Palm Oil Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Palm oil, derived from the fruit of the oil palm tree, continues to be a dynamic and evolving market due to its diverse applications across various sectors. Crude palm oil serves as a primary ingredient in food processing, cosmetics, and biodiesel production. The ongoing development of palm oil technology advances the industry's efficiency and sustainability, with innovations in refining processes, palm oil mill operations, and transportation methods. Sustainability remains a significant focus, as concerns over greenhouse gas emissions and land use change persist. Regulations and certifications, such as the Roundtable on Sustainable Palm Oil (RSPO), aim to promote sustainable practices in palm oil production.

These efforts extend to the supply chain, with increasing emphasis on transparency and responsible sourcing. Palm oil byproducts, including palm oil biogas and biofertilizer, offer additional value to the industry. The versatility of palm oil extends to the creation of palm oil biofuel, contributing to the energy sector. The continuous unfolding of market activities reveals the potential for further growth and innovation, as the industry adapts to evolving consumer demands and regulatory requirements. Forest conservation and the reduction of deforestation are essential considerations for the palm oil sector. The industry's impact on greenhouse gas emissions and land use change necessitates ongoing efforts to minimize environmental harm while maintaining economic viability.

The palm oil futures market reflects the industry's volatility and the importance of effective price risk management for investors. In the realm of palm oil plantations, advancements in technology and sustainable practices are essential to maintaining profitability and addressing environmental concerns. The palm oil mill sector continues to optimize processes, while transportation methods evolve to ensure efficient and cost-effective delivery of crude palm oil and its derivatives. Refined palm oil and its derivatives, such as palm kernel oil, are integral components of numerous industries, from food and beverage to cosmetics and biofuels. As the market continues to evolve, investment opportunities arise in various sectors, from technology and production to trading and logistics.

The dynamic nature of the market ensures a constant flow of innovation and growth.

How is this Palm Oil Industry segmented?

The palm oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Edible oil
  Surfactants
  Bio-diesel
  Others


Type

  Conventional
  Organic


Geography

  Europe

    Germany
    UK


  Middle East and Africa

    Qatar
    UAE


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By

This statistic shows the price of edible corn oil in the United States from 2004/05 to 2023/24. As of 2017/2018, corn oil prices stood at around 30.35 cents per pound in the United States. By 2022/23, the prices of corn oil increased to 61.62 cents per pound.

Learn about the factors that influence the price of Crude Degummed Soybean Oil (CDSO) in the global market, including soybean production, demand for vegetable oils, crude oil prices, government policies, and currency exchange rates.

The Africa fats and oils market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 4.49% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the rising population and increasing urbanization across the continent are boosting demand for processed foods and beverages, significantly impacting the consumption of oils and fats in the food and beverage sector. The burgeoning food processing industry, coupled with changing consumer preferences towards convenient and ready-to-eat meals, further contributes to this growth. Secondly, the animal feed industry's expansion, particularly poultry and livestock farming, requires substantial quantities of fats and oils, fueling market demand. Finally, the growing use of vegetable oils in industrial applications like cosmetics and biofuels is also playing a significant role. While challenges exist, such as price volatility in raw materials and competition from imported oils, the overall market outlook remains positive. However, certain restraints are anticipated to moderate market growth. Fluctuations in crude oil prices directly impact the cost of production, potentially affecting market prices. Moreover, the prevalence of traditional cooking methods and preferences for locally produced oils might hinder the market penetration of certain imported oils. Furthermore, regulatory changes concerning food safety and labeling can pose challenges to market players. Despite these limitations, the market is expected to thrive, driven by favorable demographic trends, increasing disposable incomes, and government initiatives promoting local food production and agro-processing. The market segmentation, encompassing various oil types (soybean, palm, coconut, olive, canola, sunflower, and others), fats (butter, lard, and others), and applications (food and beverages, animal feed, and industrial uses), presents lucrative opportunities for investors and businesses across the value chain, particularly those focusing on sustainable and ethically sourced products. The geographical focus on Egypt, South Africa, and the rest of Africa indicates substantial market potential across diverse regions. Recent developments include: March 2023: Wilmar International Ltd (WILMAR) initiated the construction of an edible oil plant located in Richards Bay, KwaZulu-Natal, South Africa. This USD 81 million project encompasses the development of a fractionator, a shortening plant, and a packaging facility. Notably, this endeavor commenced in 2020., July 2022: Eni introduced the first vegetable oil production facility for biorefining in Kenya. This venture involved the establishment of an oilseed collection and pressing plant, which marked the inception of vegetable oil production for bio-refineries., June 2021: WA Group made a substantial investment of USD 114 million in a processing plant aimed at boosting edible oil production in Ethiopia. This strategic investment enabled the company to cease importing edible oils and, instead, focus on refining crude palm oil sourced from other countries, as well as processing locally cultivated oilseeds such as sesame seeds, peanut seeds, niger seeds, soya beans, and haricot beans.. Key drivers for this market are: Wide Applications of Oils and Fats in Different End-Use Industries, Government Initiatives and Key Players Adopting Innovative Market Expansion Strategies. Potential restraints include: Wide Applications of Oils and Fats in Different End-Use Industries, Government Initiatives and Key Players Adopting Innovative Market Expansion Strategies. Notable trends are: Wide Applications of Oils and Fats in Different End-Use Industries.

Thailand Wholesale Price: Vegetable Oil: Crude Palm: Palm Kernel data was reported at 27.450 THB/kg in Jul 2018. This records a decrease from the previous number of 28.380 THB/kg for Jun 2018. Thailand Wholesale Price: Vegetable Oil: Crude Palm: Palm Kernel data is updated monthly, averaging 26.405 THB/kg from Jan 2001 (Median) to Jul 2018, with 206 observations. The data reached an all-time high of 62.500 THB/kg in May 2011 and a record low of 8.230 THB/kg in Apr 2001. Thailand Wholesale Price: Vegetable Oil: Crude Palm: Palm Kernel data remains active status in CEIC and is reported by Department of Internal Trade. The data is categorized under Global Database’s Thailand – Table TH.P002: Average Wholesale Price of Agricultural Products in Bangkok Metropolis.

The global edible oils market is a substantial and dynamic sector, exhibiting consistent growth driven by rising global populations, increasing disposable incomes, and shifting dietary habits towards healthier and more diverse food choices. The market size in 2025 is estimated at $250 billion USD, projecting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key drivers, including the increasing demand for convenience foods and processed food products in both developed and developing economies, which significantly rely on edible oils as key ingredients. Furthermore, the rising awareness of health and wellness is driving demand for healthier alternatives, such as vegetable-based oils rich in monounsaturated and polyunsaturated fats. However, fluctuating crude oil prices and the volatility of agricultural commodity markets pose significant restraints, impacting production costs and overall market stability. The market is segmented by application (food processing, family cooking, commercial cooking, others) and type (vegetable-based, animal-based), providing a diverse landscape of opportunities for existing and new market players. The geographical distribution showcases strong growth potential in Asia-Pacific regions, particularly China and India, driven by rapidly expanding populations and rising middle classes. North America and Europe also represent significant markets, although growth rates might be slightly lower compared to emerging markets. The competitive landscape is intensely competitive, with both multinational corporations and regional players vying for market share. Major players such as Wilmar International, Cargill, and ADM dominate the global market, benefiting from their extensive supply chains and distribution networks. However, smaller, regional players continue to thrive by focusing on niche markets and catering to specific consumer demands, such as organic or specialty oils. The forecast period (2025-2033) anticipates sustained growth, influenced by evolving consumer preferences, technological advancements in oil extraction and processing, and the increasing incorporation of edible oils in various applications beyond traditional culinary uses. The market's success will rely heavily on adaptability and innovation to meet changing consumer expectations and navigate the challenges posed by fluctuating commodity prices and sustainability concerns.

The global cooking oils and fats market is experiencing robust growth, driven by increasing consumer demand, particularly in developing economies with rising disposable incomes and changing dietary habits. The market, estimated at $200 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated value of $280 billion by 2033. Key drivers include the growing popularity of processed and convenience foods, which rely heavily on cooking oils, and the increasing awareness of the health benefits associated with certain types of oils, such as olive oil and avocado oil. However, fluctuating crude oil prices, which impact the cost of production, pose a significant restraint. Furthermore, concerns regarding trans fats and saturated fats are leading to increased demand for healthier alternatives, such as plant-based oils and low-saturated fat options. Market segmentation reveals strong growth in the healthy oil segment, driven by health-conscious consumers. Leading players like Unilever, Cargill, and Wilmar International are actively engaged in product innovation and strategic acquisitions to maintain their market position and expand their reach. Regional variations exist, with Asia-Pacific exhibiting significant growth potential due to its large and expanding population. The competitive landscape is marked by intense competition among major players, who are constantly innovating to meet evolving consumer preferences. Strategic partnerships and mergers and acquisitions are becoming increasingly common as companies seek to enhance their market share and distribution networks. The increasing adoption of sustainable practices across the value chain is another notable trend. Companies are increasingly focusing on sourcing sustainable palm oil and other raw materials to meet growing consumer demand for environmentally friendly products. Furthermore, stringent regulations and food safety standards are shaping the market, requiring manufacturers to comply with specific labeling requirements and ensure product quality. The market continues to evolve, adapting to both evolving consumer preferences and ongoing challenges within the global economic and political climate.