Edible oil prices have climbed sharply across global markets, with soybean, palm, and sunflower oils leading the charge. Soybean seed prices rose nearly 1% over the past month, reaching $1,022.75 per bushel. Palm oil saw an even steeper rise up more than 7% now trading at $1,072.16 per metric ton.
Sunflower oil also joined the rally, closing at $82 per ton after gaining 2.36% in a week and 5.87% over the month. The upward trend has left consumers scrambling for affordable options as market pressure intensifies.
In contrast, canola oil remains the only major edible oil showing a downward trajectory. Prices dropped 2.31% month-on-month, settling at $477.59 per ton. Analysts suggest that unless supply constraints or policy shifts intervene, the decline may continue.
Meanwhile, global energy prices are also on the rise. Brent crude climbed to $66.84 per barrel, while West Texas Intermediate (WTI) reached $63.96. The spike is attributed to speculation over a potential U.S. interest rate cut and geopolitical tension surrounding the recent Trump Putin meeting.
With both food and fuel costs trending upward, markets brace for continued volatility and consumer strain in the weeks ahead.
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