European rapeseed oil prices steady amid rising supply
Prices held within a narrow range as higher availability pressured the market, while a weaker euro against the dollar limited downside. The balance kept the market firm.
Rapeseed Oil Price Trend Analysis 2026: Price Drivers, Historical Prices, Market Insights, Supply Demand Analysis & Latest News
Written ByPragati Agarwal
Rapeseed Oil Latest Development
European Rapeseed Oil Prices Ease
European rapeseed oil prices declined over the week as rising supplies of cheaper Ukrainian product entered the market. Ukraine's rapeseed oil exports reached significant volumes in the first half of September, adding downward pressure. Softer crude oil prices also weighed on vegetable oil markets broadly, with further weakness in palm oil potentially extending pressure to rapeseed oil.
Rapeseed Oil Price Trend Q3 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Rapeseed Oil | China | FOB | USD 1,574.06/MT | August 2026 |
| Rapeseed Oil | India | CIF | USD 1,665.06/MT | August 2026 |
| Rapeseed Oil | Germany | CIF | USD 1,688.06/MT | August 2026 |
| Rapeseed Oil | Australia | CIF | USD 1,669.06/MT | August 2026 |
| Rapeseed Oil | Brazil | CIF | USD 1,716.06/MT | August 2026 |
| Rapeseed Oil | China | FOB | USD 1,505.79/MT | July 2026 |
| Rapeseed Oil | India | CIF | USD 1,612.60/MT | July 2026 |
| Rapeseed Oil | Germany | CIF | USD 1,639.42/MT | July 2026 |
| Rapeseed Oil | Australia | CIF | USD 1,604.25/MT | July 2026 |
| Rapeseed Oil | Brazil | CIF | USD 1,677.40/MT | July 2026 |
Stay updated with the latest Rapeseed Oil prices, historical data, and tailored regional analysis
Rapeseed Oil Price Trend Q2 2026
- Rapeseed oil markets strengthened modestly during Q2’26 as tighter availability and firmer oilseed costs supported prices despite uneven regional demand.
- Rapeseed values and competing vegetable-oil movements influenced production costs, while crude-oil volatility affected biodiesel-linked buying and market sentiment.
- Food-sector demand remained cautious, but biofuel consumption and industrial use provided support, particularly where buyers faced tighter nearby availability.
Asia
Rapeseed Oil prices witnessed modest gains in the Chinese market for Q2'26, moving up from roughly USD 1,474.13/MT in May to nearly USD 1,496.00/MT in June, recording a positive change of 1.5%. Chinese conditions remained relatively balanced as sufficient rapeseed availability limited stronger gains, while late-quarter buying and changes in vegetable-oil sentiment provided some support. Buyers largely maintained need-based purchases rather than building inventories. In the Indian market, Rapeseed Oil prices trended higher over Q2 2026, rising from roughly USD 1,541.47/MT in May to approx. USD 1,583.10/MT in June. Indian prices were supported by steady edible-oil consumption, import replacement costs and firmer oilseed values, although competition from palm and soybean oil restricted a sharper rise.
Europe
The German market saw Rapeseed Oil prices firm through Q2 2026, advancing from roughly USD 1,567.58/MT in May to around USD 1,617.00/MT in June. European markets received support from tight spot availability and firm rapeseed feedstock costs during much of the quarter. Food-sector buyers remained well covered, which kept procurement restrained, but biodiesel demand and limited nearby raffinate availability strengthened seller positions. Late in June, weaker crude oil and competing vegetable-oil markets created some downward pressure, preventing the rally from accelerating.
North America
North American rapeseed oil, commonly marketed as canola oil, remained firm during Q2 as biofuel demand absorbed a growing share of supply. USDA raised estimated 2025/26 canola oil use for biofuel to 3.8 billion lb, indicating strong demand from biomass-based diesel producers. Canadian crude canola oil exports to the United States also increased during the quarter, while firmer seed costs raised replacement values. Food demand remained steady, but renewable-fuel consumption was the stronger price-supporting factor.
Analyst Insight
According to Procurement Resource, rapeseed oil prices are expected to remain firm but volatile, with biofuel demand and feedstock costs providing support while improved crop availability and competing oils limit stronger gains.
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- Rapeseed oil prices in Q1’26 followed a mixed global trend, with China showing moderate gains while India witnessed mild weakness due to sufficient edible oil supply.
- Feedstock influence remained balanced as global rapeseed production improved, easing supply concerns despite continued logistics and freight pressure.
- Downstream demand stayed steady from edible oil consumption, food processing, and biodiesel blending, although cautious procurement limited stronger gains.
Asia
During Q1’26, rapeseed oil prices in China followed a firm trend. The prices were ~10.51 RMB/kg (Spot FD) in January and ~10.89 RMB/kg in March. Last quarter prices are ~2.98% higher compared to the previous quarter, while from January to March, prices increased by ~3.62%. The market remained supported by stable edible oil demand and downstream crushing activity. China also reduced the anti-dumping tariff on Canadian canola seed to 5.9% from 75.8% and removed the 100% tariff on Canadian canola meal, improving raw material availability and supporting import flows. In India, the prices were ~90.92 INR/kg (FOB) in January and ~88.16 INR/kg in March. Last quarter prices are ~0.88% lower compared to the previous quarter, while from January to March, prices decreased by ~3.04%. Sufficient edible oil inventories, cautious buying, and balanced domestic supply weakened sentiment despite steady food-sector demand.
Europe
During Q1’26, rapeseed oil prices in Europe remained balanced as improved regional rapeseed supply offset support from biodiesel demand. USDA projected EU rapeseed production at approximately 20.52 million metric tons for MY2025/26, supporting higher crushing activity and stable oil availability. Demand from biodiesel, food oils, and industrial applications remained consistent, while cautious purchasing and moderate industrial activity limited stronger upward movement.
North America
During Q1’26, rapeseed oil prices in North America showed balanced movement supported by stable export activity and biofuel demand. USDA estimated Canadian rapeseed production at about 22 million metric tons for MY2025/26, reinforcing North America’s position as a major supply source. However, higher inventories and sufficient oilseed availability limited stronger market momentum despite continued support from renewable fuel and edible oil demand.
About Rapeseed Oil
Rapeseed, a bright-yellow flowering member of the family Brassicaceae, is cultivated mainly for its oil-rich seed. Being a pure oil, Rapeseed Oil contains no protein or carbohydrates whereas it is a good source of healthy fats and fat-soluble vitamins, namely vitamin E and K. It is a potent antioxidant that supports skin and eye health. Canada is the leading rapeseed oil producer, followed by Germany.
Rapeseed Oil Product Detail
Industrial Uses
Cooking, Baking, Food processing, Automotive and chemical industries, Lubricants, Hydraulic fluidsPlastics
Supplier Database
ADM, Bunge Limited, Cargill Incorporated, Resaca Sun Feeds LLC, Corteva Agriscience, Sunora Foods
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Rapeseed Oil Production Processes
- Production of Rapeseed Oil via Cold Press Process.
In order to extract the rapeseed oil, a process called cold pressing is carried out. Cold pressing is the conventional and straightforward method of producing oil, where the seed is pressed (or squeezed) at a low temperature to finally obtain the desired product.
Our Price Analysis Methodology
About the Author
Pragati Agarwal
Senior Business Insights Analyst
Delivering price trend analysis and procurement market insights at Procurement Resource, with expertise in identifying commodity patterns, supporting purchasing strategies, and improving cost efficiency through actionable market intelligence.
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