The price of Vegetable Oils in March 2023 was $1,644 per ton (CIF, Turkey), showing a decrease of 11.5% compared to the previous month.

Oils Price Index in World increased to 166.80 Index Points in July from 155.70 Index Points in June of 2025. This dataset includes a chart with historical data for World Oils Price Index.

In March 2023, the vegetable oils price stood at $3,499 per ton (FOB, US), falling by -12.2% against the previous month.

Sunflower Oil rose to 1,345.10 INR/10 kg on August 19, 2025, up 0.66% from the previous day. Over the past month, Sunflower Oil's price has risen 5.96%, and is up 49.34% 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.

Russia Average Import Price: Vegetable Oil data was reported at 667.000 USD/Ton in 2017. This records a decrease from the previous number of 853.000 USD/Ton for 2016. Russia Average Import Price: Vegetable Oil data is updated yearly, averaging 878.000 USD/Ton from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 1,584.000 USD/Ton in 2008 and a record low of 495.000 USD/Ton in 2001. Russia Average Import Price: Vegetable Oil data remains active status in CEIC and is reported by Federal Customs Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PC007: Average Import Price: Annual.

In August 2022, the vegetable oils price stood at $3,237 per ton (FOB, Germany), jumping by 16% against the previous month.

The average vegetable oils export price stood at $1,881 per ton in March 2025, with a decrease of -18.5% against the previous month.

Palm Oil rose to 4,529 MYR/T on August 21, 2025, up 0.71% from the previous day. Over the past month, Palm Oil's price has risen 6.24%, and is up 18.37% 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 August of 2025.

Russia Average Import Price: Non CIS: Vegetable Oil data was reported at 1,281.000 USD/Ton in 2017. This records a decrease from the previous number of 1,596.000 USD/Ton for 2016. Russia Average Import Price: Non CIS: Vegetable Oil data is updated yearly, averaging 999.000 USD/Ton from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 2,157.000 USD/Ton in 2008 and a record low of 370.000 USD/Ton in 2001. Russia Average Import Price: Non CIS: Vegetable Oil data remains active status in CEIC and is reported by Federal Customs Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PC007: Average Import Price: Annual.

In January 2023, the price of vegetable oils amounted to $2,553 per ton (CIF, Poland). This price was 4.3% higher than the previous month.

The global vegetable oil market, valued at $384.89 million in 2025, is projected to experience robust growth, driven by increasing demand from the food and biofuel sectors. A Compound Annual Growth Rate (CAGR) of 7.47% from 2025 to 2033 indicates a significant expansion of this market. Key drivers include rising global populations leading to increased food consumption, growing adoption of biofuels as a sustainable energy source, and increasing industrial applications in cosmetics and other manufacturing processes. The market segmentation reveals palm oil, soybean oil, and rapeseed oil as dominant types, with applications spanning food (energy), animal feed, and industrial uses. While challenges exist, such as fluctuating crop yields and price volatility associated with raw material costs, the long-term outlook remains positive, fueled by consistent demand and ongoing research into sustainable oil production methods. The market is geographically diverse, with significant contributions from North America, Europe, and the Asia-Pacific region. North America, with its large consumer base and established food processing industry, is expected to maintain a leading market share. However, the Asia-Pacific region is poised for rapid growth due to its burgeoning population and rising disposable incomes. Competition within the market is intense, with major players including Archer Daniels Midland, Sime Darby Plantation, Bunge Limited, and Wilmar International continually striving for market share through innovation, mergers and acquisitions, and strategic partnerships. Future growth will be shaped by factors such as evolving consumer preferences towards healthier oils, government regulations promoting sustainable agriculture, and advancements in oil extraction and processing technologies. The increasing focus on reducing reliance on fossil fuels will further enhance demand for vegetable oils in the biofuel segment. Recent developments include: In July 2022, Eni Kenya B.V. completed the construction of the oilseed collection and pressing plant (agri-hub) in Makueni, Kenya, and started production of the first vegetable oil for bio-refineries. According to the company, the first agri-hub would have an installed capacity of 15,000 tons with an expected output of 2,500 tons in 2022., In June 2022, Freedom Refined Sunflower Oil, Gemini Edibles & Fats India (GEF India) announced plans to expand into other States, including Tamil Nadu and Kerala. The business asserted that it is considering strategic expansion and plans to enter Tamil Nadu and Kerala, with a strong demand for sunflower oil, in the coming years., In February 2021, Bunge Loders Croklaan expanded its oils and fats portfolio to meet the organic demand in Europe, offering a steady and scalable supply of organic oils and fats, including sunflower, rapeseed, soy, palm, shea, and coconut., In November 2021, Cargill Incorporated acquired an edible oil refinery situated in Nellore, India, and invested USD 35 million to purchase and improvise the facility, which would increase the production volume of edible oil and help the company to extend its existing supply chain to meet consumer requirements.. Notable trends are: Increasing Demand For Fortified Vegetable Oils.

Palm oil produces more oil per hectare than any other major vegetable oil crop, at *** metric tons per hectare. In comparison, soybeans produced just *** metric tons per hectare. Palm oil comes from the oil palm fruit, and has been growing in demand in recent decades. This has seen the area of land harvested for oil palm fruits increase from **** million hectares to more than ** million hectares since the turn of the century.

The average vegetable oils import price stood at $2,123 per ton in April 2025, reducing by -4.7% against the previous month.

Russia Average Import Price: CIS: Vegetable Oil data was reported at 644.000 USD/Ton in 2017. This records a decrease from the previous number of 790.000 USD/Ton for 2016. Russia Average Import Price: CIS: Vegetable Oil data is updated yearly, averaging 788.500 USD/Ton from Dec 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 1,569.000 USD/Ton in 2008 and a record low of 513.000 USD/Ton in 1994. Russia Average Import Price: CIS: Vegetable Oil data remains active status in CEIC and is reported by Federal Customs Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PC007: Average Import Price: Annual.

Russia Avg Producer Price: OKPD2: Food: Vegetable Oil Unrefined data was reported at 41,105.680 RUB/Ton in Jan 2019. This records a decrease from the previous number of 42,249.370 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Food: Vegetable Oil Unrefined data is updated monthly, averaging 41,312.670 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 45,079.220 RUB/Ton in Jan 2017 and a record low of 38,518.620 RUB/Ton in Jun 2017. Russia Avg Producer Price: OKPD2: Food: Vegetable Oil Unrefined data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB002: Average Producer Price: Food.

In May 2023, the vegetable oils price stood at $1,684 per ton (CIF, Thailand), dropping by -6.5% against the previous month.

In March 2025, the average vegetable oils import price amounted to $2,925 per ton, rising by 3.8% against the previous month.

As of December 2019, palm oil in Ecuador was traded at an average price of *** U.S. dollars per metric ton, down from *** dollars per ton a month earlier, which was the highest average price recorded in that year. In comparison, the lowest price was registered in February, with a value of *** U.S. dollars per metric ton.

Russia Avg Producer Price: OKPD2: Food: Vegetable Oil data was reported at 46,128.160 RUB/Ton in Jan 2019. This records a decrease from the previous number of 48,676.000 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Food: Vegetable Oil data is updated monthly, averaging 44,990.490 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 50,942.010 RUB/Ton in Oct 2018 and a record low of 42,037.550 RUB/Ton in May 2017. Russia Avg Producer Price: OKPD2: Food: Vegetable Oil data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB002: Average Producer Price: Food.

Russia Avg Producer Price: OKPD2: Food: Vegetable Oil Refined: Not Chemical Modification data was reported at 53,287.110 RUB/Ton in Jan 2019. This records an increase from the previous number of 52,780.360 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Food: Vegetable Oil Refined: Not Chemical Modification data is updated monthly, averaging 49,651.010 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 55,608.900 RUB/Ton in Oct 2018 and a record low of 46,534.820 RUB/Ton in May 2017. Russia Avg Producer Price: OKPD2: Food: Vegetable Oil Refined: Not Chemical Modification data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB002: Average Producer Price: Food.