FAO Food Price Review and Index

Key Points Export prices for vegetable oil slightly recovered in June, driven by higher palm and rapeseed oil quotations, reflecting sustained global import demand and expectations of limited global supplies. Current raw material demand in the United States remains quite restrained, although biofuel sector support measures imply higher raw material needs in the coming years. Palm Oil In June 2025, despite prospects of seasonal production volume growth, palm oil prices in leading exporting countries recovered from multi-month lows recorded in May, primarily reflecting sustained global import demand due to increased price competitiveness. Moreover, rising global crude oil quotations also supported vegetable oil prices. Soybean Oil Global soybean oil prices slightly increased in June, mainly due to prospects of higher raw material demand from the biofuel industry following support measures announced by Brazil and the United States. However, growth was limited by prospects of abundant ...