FAO vegetable oil price index rises in October

The index tracks changes in the international prices of the most globally traded food commodities.

The FAO Vegetable Oil Price Index averaged 169.4 points in October, up 1.5 points (0.9%) from September and reaching its highest level since July 2022. The increase reflected higher quotations for palm, rapeseed, soyabean and sunflower oils.

“International palm oil prices rebounded slightly after easing the previous month, supported by expectations of tighter exportable supplies following Indonesia’s planned increase in biodiesel blending mandates in 2026, and despite higher-than-expected production in Malaysia,” the FAO said.

“World sunflower oil prices rose for the fourth consecutive month in October, largely due to limited supplies from the Black Sea region amid harvest delays and cautious farmer sales.”

Meanwhile, global rapeseed and soyabean oil prices increased due to persistent tight supplies in the European Union (EU) and higher domestic demand in Brazil and the USA respectively.

The increase in vegetable oil prices was outweighed by lower price indices for cereals, dairy products, meat and sugar.

The FFPI averaged 126.4 points in October 2025, down 2.1 points (1.6%) from the revised September level of 128.5 points, marking its second consecutive monthly decline.

Overall, the FFPI was slightly below its October 2024 level and remained 33.8 points (21.1%) lower than its peak in March 2022.

The FAO’s vegetable oil price index illustrates the changes in international prices of the 10 most important vegetable oils in world trade, weighted according to their export shares.

Tags: Vegetable Oil, palm oil, rapeseed oil, FAO, soyabean oil, sunflower oil, prices