FAO’s latest update indicates global vegetable oil consumption will exceed production due to lower soybean output in key origins. This suggests tight supply and generally supportive pricing across soy, palm, and sunflower oil. Olive oil production is recovering and we see easing tightness in that segment, but overall global vegetable oil demand remains strong.

Overall, strong demand is expected for vegetable oils through November–January, though buyer coverage remains limited. Supply and logistical constraints at origins continue to support a firm to bullish tone across the complex.

Please enjoy a fresh overview of the food oil market.