The European cooking oil market is currently witnessing fluctuating prices due to a combination of factors including global demand and weather patterns. This overview provides a glimpse into the current pricing trends for bulk cooking oils across Europe as of November 2023.
Soybean oil, a popular choice for its versatility, is currently priced between €6 and £7.20 per kilogram depending on the supplier and location within Europe. Sunflower oil prices have been affected by the ongoing conflict in Ukraine, a major producer of this commodity. As a result, bulk sunflower oil is fetching prices between €9 and $13.
Olive oil, renowned for its flavor and health benefits, remains a premium product with prices ranging from £13.50 to $22 per kilogram. This price range reflects the high production costs associated with olive oil cultivation.
- Canola oil prices are currently in the range of $7.75 to £8.10 per kilogram.
- Palm oil, a versatile oil used in various applications, is priced between $8.50 and €11 per kilogram.
It's important to note that these prices are subject to change due to various market factors such as supply, demand, weather conditions, and geopolitical events.
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