FAO – Monthly Price Index Oilseeds, Oils and Meals, Mar 2026

This report tracks international price movements for oilseeds, oils, and meals as reflected by FAO’s price indices.

In February 2026, all three FAO price indices for oilseeds, oils, and meals increased. The oilseed and oilmeal indices rose by 2.1% and 4.6% month on month, respectively, standing 5.6% above their year-earlier levels. The vegetable oil index increased by 3.3% from January and was 11.7% above its level in February 2025. Price increases were driven by higher quotations for soybeans, rapeseed, and sunflower seed. Soybean prices reached a three-month high due to critical crop conditions in Argentina and Brazil, and strong demand for biofuel feedstocks in the USA. Rapeseed prices rose due to expected import demand from China following easing trade tensions. Sunflower seed prices increased due to global supply tightness despite a record harvest in Argentina. Soymeal prices increased driven by higher soybean prices and crushing activity in Brazil and the USA, despite seasonal declines in Argentina.