Global price of Rapeseed Oil
This dataset tracks global price of rapeseed oil over time.
Latest Value
1265.73
Year-over-Year Change
15.60%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global Price of Rapeseed Oil is a key indicator of international agricultural commodity markets, tracking the monthly spot price of this important vegetable oil used in food, biofuel, and industrial applications.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Rapeseed oil is a versatile vegetable oil derived from the seeds of the rapeseed plant. It is widely traded on global commodity exchanges and its price reflects supply and demand dynamics in the worldwide oilseed and vegetable oil markets.
Methodology
The price data is collected from international commodity exchanges and spot markets.
Historical Context
Economists and policymakers monitor rapeseed oil prices to assess agricultural market conditions and inflationary pressures.
Key Facts
- Rapeseed is the second-largest source of vegetable oil worldwide after soybean oil.
- Global rapeseed production was over 70 million metric tons in 2021.
- Rapeseed oil is a common ingredient in many processed foods and industrial applications.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Rapeseed Oil measures the monthly spot price of this important vegetable oil in the international commodity markets.
Q: Why is this trend relevant for users or analysts?
A: Rapeseed oil prices are a key indicator of global agricultural market conditions and can impact food prices, biofuel production, and industrial applications.
Q: How is this data collected or calculated?
A: The price data is collected from international commodity exchanges and spot markets.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor rapeseed oil prices to assess agricultural market conditions and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is reported with a short lag and reflects monthly average spot prices.
Related News
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Natural Gas Storage Increases Due to Market Dynamics
Navigating Market Volatility: U.S. Natural Gas Storage Strategies and Trends Understanding the dynamics of the U.S. natural gas storage sector is crucial as it plays a central role in shaping the energy market. The storage of natural gas is not just about logistics; it represents a strategic resource ensuring energy availability and stability in times of fluctuating supply and demand. Market volatility affects the price and availability of natural gas, and by extension, decisions regarding its
U.S. Natural Gas Prices Rise Due to Warmer Weather Forecasts
U.S. Natural Gas Prices Surge: Economic and Weather Patterns at Play The current surge in U.S. natural gas prices is reshaping the energy market landscape. Recent weather forecasts, combined with robust economic patterns, are pushing these prices skyward, affecting individuals and industries alike. This uptrend intertwines with broader energy market dynamics, such as climate patterns and economic impacts. Understanding these interconnected factors helps explain the increasingly volatile natural
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Global price of Rapeseed Oil (PROILUSDM), retrieved from FRED.