- 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.