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The FAO Vegetable Oil Price Index rose 0.3 percent in October 2026 from September, bucking a broader decline in world food commodity prices, according to the monthly report released on 6 November 2026 by the Food and Agriculture Organization of the United Nations (FAO).
The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 133.9 points in October, down 1.6 points, or 1.2 percent, from its revised September level. The overall index nonetheless stood 5.9 percent higher than a year earlier, while remaining 16.4 percent below its March 2022 peak. Subdued import demand weighed on the cereal, dairy and meat indices, while the sugar index rose sharply and vegetable oils edged higher.
Vegetable oils
The monthly gain in the vegetable oil index came as higher soybean and sunflower oil prices more than offset lower rapeseed (canola) oil quotations.
International soybean oil prices climbed to their highest level since late 2022, supported by firm demand from the biofuel sector and seasonally shrinking export supplies from South America.
Sunflower oil prices rebounded from multi-month lows, as export availabilities from the Black Sea region remained tight.
Rapeseed (canola) oil prices, by contrast, moved lower during the month.
Source: Food and Agriculture Organization of the United Nations (FAO)