News Capsule: Edible Oils Market: Soybean Oil Remains the Strongest, Palm Oil Recovers, Sunflower Oil Finds Support
07-Jul-2026 05:07 PM
News Capsule: Edible Oils Market: Soybean Oil Remains the Strongest, Palm Oil Recovers, Sunflower Oil Finds Support
★ Global soybean oil continues to be the strongest performer in the vegetable oil complex. Despite a correction from the May highs, prices remain approximately $312/MT above last year's levels. FOB soybean oil prices from Brazil and Argentina remain firm in the range of $1,153–1,185/MT, with Brazilian origin continuing to trade at a premium.
★ India CNF soy degummed oil prices for July–September shipments increased by $21–22/MT in a single trading session, providing strong support to the import market. In the United States, soybean oil consumption for biodiesel during January–April rose 37% year-on-year, continuing to underpin prices.
★ The sunflower oil market also remained firm. India CNF sunflower oil prices increased by $10/MT in the evening market, while Argentina FOB sunflower oil held steady at around $1,320/MT. India CNF soy degummed oil remains approximately $184/MT cheaper than sunflower oil, maintaining its competitiveness among buyers.
★ In Europe, rapeseed oil availability remains limited. The price difference between nearby and forward contracts is only €16/MT, indicating continued firmness in the market.
★ Palm oil also recovered during the session. BMD palm oil futures gained 19 ringgit/MT, while RBD olein and crude palm oil (CPO) prices also posted modest gains.
★ Overall, strong biodiesel demand, limited availability, and firm import prices are expected to keep the global edible oils market well supported in the near term.