• What is vegetable oil price index?
  • The vegetable oil price index is based on 10 quotations for soybean, sunflower, rapeseed, groundnut, cottonseed, copra, palm kernel, palm, linseed and castor oil. Prices are weighted by trade shares of the base period 2002¨C04. Oils Price Index in World increased to 142.40 Index Points in September from 136.10 Index Points in August of 2024.
  • Why did vegetable oil prices rise a month-on-month?
  • As for vegetable oils, the marginal month-on-month increase of the price index primarily reflected higher world palm oil prices, more than offsetting lower soy, sunflower and rapeseed oil quotations. International palm oil prices rose for the third consecutive month.
  • How are oil prices weighted?
  • Prices are weighted by trade shares of the base period 2002¨C04. Oils Price Index in World increased to 142.40 Index Points in September from 136.10 Index Points in August of 2024. This page includes a chart with historical data for World Oils Price Index.
  • How did the FAO vegetable oil price index perform in September 2024?
  • The FAO Vegetable Oil Price Index went up 4.6% to 142.4 index points in September 2024, the highest level since December 2022, amid higher quotations across palm, soy, sunflower and rapeseed oils.
  • What challenges do vegetable oil & meal markets face?
  • Navigating today¡¯s vegetable oil and meal markets comes with numerous challenges. Volatility, unpredictable weather patterns, geopolitical tensions and supply chain disruptions can significantly impact the availability and pricing of oils. Additionally, the complexity of domestic and international regulations adds another layer of difficulty.
  • Will rising crude oil prices support vegetable oil prices?
  • Rising crude oil prices also lent support to vegetable oil values. * Effective 2 July 2020, the base period of FAO¡¯s price indices has been shifted from 2002¨C2004 to 2014¨C2016. For more details on this revision, please see the feature article of the June 2020 issue of Food Outlook.