The rise in prices for soybean and palm oil has stopped, but sunflower oil continues to become more expensive.

Global vegetable oil markets remain under pressure from changes in supply routes caused by the trade war between the US and China, but sunflower oil prices are rising amid lower crop forecasts in Ukraine and the EU. Analysts at Oil World (Germany) predict an increase in the volume of global imports of eight major types of vegetable oils in the 2025/26 MY by 3.1 million tons to 94.5 million tons compared to the previous season. Meanwhile, due to active demand from the US, Indonesia, and Brazil, global consumption of the eight major types of vegetable oils will increase by 6.1 million tons per year, significantly exceeding last year's increase of 2.5 million tons. However, due to limited supply, achieving such volumes may be a challenge for the global market. The worsening situation with global soybean oil stocks is also due to the rapid increase in consumption in the US thanks to government policies to develop biofuels and support the use of domestic raw materials, as well as a ...