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FAO’s Vegetable Oil Price Index averaged 199.2 points in October, up 0.3% from September, as higher soybean and sunflower oil quotations offset lower rapeseed oil prices. Soybean oil reached its highest level since late 2022, supported by biofuel demand and seasonally lower South American supplies; sunflower oil prices recovered amid limited Black Sea export supplies and shipping difficulties.
Strong biofuel demand and tighter seasonal soybean oil availability support soybean oil prices, while constrained Black Sea shipments support sunflower oil markets. The index’s modest overall rise signals continued strength in vegetable oil markets despite mixed movements among oils.
ukragroconsult.comNov 6, 2026After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
