Edible Oils & Fats — Market Analysis
QAA Intelligence provides market analysis, price trends, supply-demand insight and trading intelligence for the global edible oils market, covering palm, soybean and sunflower oil.
Price Trend
Recent price history (last 14 days)
| Date | Price |
|---|---|
| 2026-10-03 23:30 GST | 68.62 US¢/lb |
| 2026-10-04 23:30 GST | 68.62 US¢/lb |
| 2026-10-05 23:00 GST | 69.35 US¢/lb |
| 2026-10-06 23:30 GST | 69.90 US¢/lb |
| 2026-10-07 23:30 GST | 67.71 US¢/lb |
| 2026-10-08 23:30 GST | 67.91 US¢/lb |
| 2026-10-09 23:30 GST | 68.03 US¢/lb |
| 2026-10-10 23:30 GST | 68.02 US¢/lb |
| 2026-10-11 23:30 GST | 68.02 US¢/lb |
| 2026-10-12 23:30 GST | 68.64 US¢/lb |
| 2026-10-13 23:30 GST | 67.98 US¢/lb |
| 2026-10-14 23:30 GST | 67.01 US¢/lb |
| 2026-10-15 23:30 GST | 67.18 US¢/lb |
| 2026-10-16 13:00 GST | 66.80 US¢/lb |
Edible Oils Market Overview
Palm, soybean and sunflower oil are substitutable to a degree in food manufacturing, so their prices tend to move together, with palm oil -- the world's most-produced vegetable oil -- often setting the broader tone.
Global Supply & Demand
Palm oil supply is concentrated in Southeast Asia and follows tree-maturity and weather cycles, while biodiesel mandates in producing and consuming countries create an additional, policy-driven source of demand.
Major Producing Countries
Indonesia and Malaysia together produce the large majority of the world's palm oil, while the United States, Brazil and Argentina lead soybean oil production.
Major Importing Markets
India, China and the Middle East are among the largest importers of edible oils, with the Middle East a core market for QAA's own oils sourcing line.
Key Factors Affecting Edible Oil Prices
Palm oil export-tax policy in Indonesia and Malaysia, biodiesel-blending mandates, soybean harvest results in South America, and crude oil prices (which influence biodiesel economics) are the main drivers of edible oil prices.
Edible Oils Market Outlook
QAA Intelligence tracks daily futures data, official World Bank benchmarks and structured news monitoring to surface shifts in the edible oils market as they happen.
Global Benchmarks
Other market references -- different source, currency, unit or basis from the headline benchmark; not directly comparable with it.
Latest News
Market Analysis & Outlook
CME Soybean Oil futures are trading at 68.97 cents/lb, up 1.52% over the prior 24 hours on a live/near-live futures feed. This continues a broader firming trend across vegetable oils: recent headlines point to Black Sea sunflower oil export disruption pushing India and other buyers toward palm and soy oil substitutes, alongside the FAO's September vegetable oil index up 18.3% year-on-year. These supply/substitution dynamics in the broader vegetable oil complex plausibly support soybean oil's upward move, though price data alone cannot isolate the exact cause of this specific 24-hour change. Crude oil remains elevated (Brent ~$105/bbl), which can support vegetable oil prices via biodiesel-demand linkages, but this connection is indirect and not confirmed by the data provided. Some countervailing headlines note record palm oil stocks and rising sunflower supply elsewhere, suggesting the complex is not uniformly tight.
Outlook: Near-term soybean oil prices likely remain supported by substitution demand amid Black Sea sunflower oil disruptions, but record palm oil stocks and rising alternative supply could cap further gains.
Data Coverage: HighWant the drivers, signals and outlook behind these numbers? QAA Commodity Advisory covers edible oils & fats every two weeks. Buying it? QAA supplies edible oils & fats from its own supplier network and manages the whole supply chain: see Edible Oils & Fats sourcing. For any other product, QAA Trade Services buys it from your supplier, or one we find for you, then ships and delivers it.