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Rapeseed Oil Price Trend

The average spot price of rapeseed oil in the Chinese market was 12,706 RMB/MT on January 17, while it was 12,730 RMB/MT on January 10, down 0.19%. The spot price of rapeseed oil has been primarily running at a high price recently, with the shock adjustment tendency being the dominant trend. The spot price was sustained by low global rapeseed supply and significant cost support. Rapeseed oil prices are now high, the market demand is widespread, and the primary demand is inflexible. Domestic oil demand may rise as a result of the Spring Festival's demand effect.

Consumer awareness of healthy lifestyles and rising disposable income, particularly in developing countries such as China and India, are expected to support the growth of rapeseed oil industry in the coming years.

Companies are launching various types of products into the market based on the product's demand. In China, for example, Rotam, a Hong Kong-based company, produces sulfonylurea herbicide-tolerant rapeseed to meet the demand for high-quality, non-transgenic rapeseed oil. Similarly, in May 2019, The Butterworks, a company based in the United Kingdom, began selling spreadable butter made with extra virgin cold pressed rapeseed oil. The product gained popularity due to its cholesterol-lowering and immune-boosting properties.

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Procurement Resource provides latest prices of Rapeseed Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Chart Description: 

Procurement Resource provides prices of Rapeseed Oil for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

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. 

Synonyms:

  • Canola Oil

Industrial Uses: 

  • Cooking
  • Baking
  • Food processing
  • Automotive and chemical industries
  • Lubricants
  • Hydraulic fluids
  • Plastics

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. 

Supplier Database:

  • ADM 
  • Bunge Limited
  • Cargill Incorporated
  • Resaca Sun Feeds LLC
  • Corteva Agriscience
  • Sunora Foods

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.

Methodology: 

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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