Canadian Canola Drop Pressures Rapeseed Oil
Canadian canola prices fell, cutting raw‑material costs for Chinese processors and pushing rapeseed oil futures lower. The trend signals a bearish outlook for the market.
Rapeseed Oil Price Trend Analysis 2026: Price Drivers, Historical Prices, Market Insights, Supply Demand Analysis & Latest News
Written ByPragati Agarwal
Rapeseed Oil Latest Development
Rapeseed Oil Prices Decline in Oct
Global rapeseed oil quotations fell in October as seasonal supply rose and biodiesel demand in the EU fell short of expectations. The weaker demand and higher availability tightened the market, pushing prices lower.
Rapeseed Oil Latest Prices October 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Rapeseed Oil | China | FOB | USD 1,601.85/MT | October 2026 |
| Rapeseed Oil | India | CIF | USD 1,727.55/MT | October 2026 |
| Rapeseed Oil | Germany | CIF | USD 1,676.36/MT | October 2026 |
| Rapeseed Oil | Australia | CIF | USD 1,698.47/MT | October 2026 |
| Rapeseed Oil | Brazil | CIF | USD 1,681.80/MT | October 2026 |
| Rapeseed Oil | China | FOB | USD 1,583.15/MT | September 2026 |
| Rapeseed Oil | India | CIF | USD 1,692.09/MT | September 2026 |
| Rapeseed Oil | Germany | CIF | USD 1,675.15/MT | September 2026 |
| Rapeseed Oil | Australia | CIF | USD 1,678.77/MT | September 2026 |
| Rapeseed Oil | Brazil | CIF | USD 1,689.97/MT | September 2026 |
Stay updated with the latest Rapeseed Oil prices, historical data, and tailored regional analysis
Rapeseed Oil Price Trend Q3 2026
- Rapeseed oil prices advanced across major markets in Q3 2026, as strong biofuel demand and tighter supply in key importing regions outweighed a larger global rapeseed harvest.
- Seed availability was mixed, with bigger crops in Australia and Russia offset by heat-hit European output, lower Canadian yields and reduced Chinese seed imports.
- Biodiesel producers and food processors kept buying strongly, with global industrial use of rapeseed oil forecast to rise further this season.
Asia
In China, the average price of Rapeseed Oil rose from ~USD 1,505.79/MT (FOB) in July to ~USD 1,574.06/MT in August, an increase of ~4.5%. India climbed about 3.3%, from ~USD 1,612.60/MT (CIF) to ~USD 1,665.06/MT. Overall, the Asian market followed a firm but volatile upward trend. Chinese supply stayed tight, as USDA cut the country’s 2025/26 rapeseed oil imports to 2.0 million tonnes while seed imports also fell, leaving tradable inventories low. Prices swung through July and rose again after a brief pause in early August. Larger Australian exports and recent Chinese purchases of Australian canola are expected to ease seed shortages next season, though they did not relieve the market during the quarter. Indian import values followed the stronger regional trend.
Europe
In Germany, rapeseed oil averaged approximately USD 1,639.42/MT (CIF) in July and rose to about USD 1,688.06/MT in August. Overall, European prices followed a firm trend, with only a short dip in late July as Ukrainian farmers increased overland sales. Hot, dry weather cut the EU crop, and USDA raised the region’s rapeseed oil import needs to 0.55 million tonnes on higher biofuel use. EU crushing is also expected to decline as more sunflower seed is processed instead, limiting local oil output.
North America
The North American market followed a strong upward trend into September. Canadian crush demand is forecast to reach 13.7 million tonnes, helped by Louis Dreyfus doubling capacity at Yorkton and Cargill’s new Regina plant, which reduced seed available for export. Statistics Canada also estimated lower yields, tightening supply. In the US, biofuel-led demand drove a sharp rise in canola plantings and crushing, while higher crude oil and soyoil prices supported values.
Analyst Insight
According to Procurement Resource, rapeseed oil prices are expected to remain firm as biofuel demand grows and crushing capacity expands, though larger global seed supplies could gradually ease tightness.
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- 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.
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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