FAO – Monthly Report on Oilseeds and Vegetable Oils, Dec 2024

The report by FAO "Monthly Report on Oilseeds and Vegetable Oils, Dec 2024" analyzes recent trends in the global market for oilseeds and vegetable oils. In December 2024, the FAO price index for oilseeds decreased by 1.4 percent from the previous month, reflecting lower prices for soybeans, rapeseed, and sunflower seeds. Favorable weather conditions in South America have eased soybean prices, while rapeseed and sunflower seed prices fell due to uncertain demand and high supply. The oilmeal index rose slightly, driven by higher soymeal prices, despite ample global supplies. The vegetable oil index saw a marginal decrease, primarily due to declines in soy, rapeseed, and sunflower oil prices, offsetting a slight rise in palm oil prices. For 2024, annual averages for oilseed and oilmeal indices fell, while the vegetable oil index increased due to tightening supplies.