UFOP-Market Information Oilseeds and Biofuels

Edition December 2024

Oilseeds

+++ Rapeseed climbed on average above the EUR 500 per tonne mark+++ Price increases were used for marketing, oil mills indicated to have demand, especially for the 1st quarter 2025 .+++Favourable weather conditions in Brazil and prospects of new US import duties for China weighed down soybean prices.+++

Oilseed meals and oilcakes


+++ Rapeseed meal prices strenghtened over the month.+++Weak US feedstuck prices dragged down soybean meal prices.+++

Vegetable oils

+++ Rapeseed oil continued on an upward trend but lately reversed course.+++Palm oil remained the most expensive vegetable oil.+++

Fuels


+++Biodiesel market remained calm.+++Crude oil prices went up and down, there were signs easing tensions in the Middle East.+++