Global price of Rapeseed Oil
PROILUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,265.73
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.
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Citation
U.S. Federal Reserve, Global price of Rapeseed Oil (PROILUSDM), retrieved from FRED.