Market report oils and fats

July 2026: Gustav Heess informs about the current market situation for soybean oil, rapeseed oil, sunflower oil, olive oil, castor oil, almond oil, walnut oil and pistachio oil.

 

Oil / Topic	Current Situation	Forecast	Price Trend
General Information	Iran conflict and Black Sea disruptions are supporting energy, fertilizer, and vegetable oil prices.	Geopolitical and logistics risks remain key market drivers.	Rising / Volatile
Soybean Oil	Strong demand driven by biodiesel and substitution from other oils.	High global demand likely to continue; crop development remains crucial.	Firm to Rising
Rapeseed Oil	Prices supported by biodiesel demand and limited processing capacity.	New crop supply should be adequate, but major price declines are unlikely.	Firm, Limited Downside Potential
Sunflower Oil	Tight old-crop supply and Black Sea logistics disruptions support prices.	Some relief possible with the new harvest, depending on crop conditions.	Rising Short Term, Potentially Easier After Harvest
Olive Oil	Stock levels are sufficient until the next harvest.	Strong harvest expectations could improve supply.	Stable to Slightly Declining
Castor Oil	Rising seed prices, export growth, and freight challenges are tightening the market.	Delayed monsoon may reduce the 2027 crop and tighten supply further.	Rising, Significant Upside Risk
Almond Oil	Harvest is developing earlier than usual.	Crop size may be lower than previously expected.	Generally Firm
Walnut Oil	Lower carryover stocks expected.	Limited inventories could support the market.	Firm / Stable to Rising
Pistachio Kernel Oil	Supply remains extremely tight despite high prices.	Strong demand is expected to keep the market tight even with a larger crop.	Remain High / Firm

 

You can find more detailed information on the Gustav Heess website.