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High energy prices continued to underpin the wider soft oils complex, which in turn lent support to the European market, even as activity remained mixed.
Market expectations remained for steady to stronger vegetable oil demand due to supportive crop‑biofuel policies in several countries, even as overall sentiment stayed quiet through the week, with traders still cautious and activity sporadic.
Vegetable oil prices also remained firm despite expectations of strong global oilseed supply, which could theoretically pressure values once new‑crop volumes hit the market, though participants noted that steady demand could keep prices supported.
EU oilseed production in 2026/27 is expected to rebound to 33.3 million tonnes, up from 32 million tonnes in 2025/26, driven by stronger sunflower seed output and steady rapeseed production, according to the latest USDA projections from April. The agency’s forecast is slightly above the European Commission’s March estimate, which estimated total seed supply around 32.3 million tonnes.
Nearby rapeseed oil (RSO) FOB Dutch Mill basis prices have risen from €1,123 ($1,323) per tonne on April 16 to as high as €1,132 per tonne on Thursday April 23, tracking a bullish tone in both European rapeseed futures and Canadian canola futures, as well stronger energy markets.
Fastmarket’s spot assessment for rapeoil FOB DM Rotterdam was last assessed at €1,132 per tonne on April 23, up by €7 per tonne on the day from €1,125 per tonne on Wednesday April 22.
On the sunflower oil (SFO) side, prices for nearby loading across Europe’s six main ports stood at $1,477 per tonne on April 16 and have risen to as high as $1,488 per tonne on April 23, even as prices eased along the curve in the latest session amid limited liquidity and weaker ideas from both buyers and sellers.
SFO prices have also received support from related soft oil and energy markets, although activity has remained sporadic, with only several trades reported out in the open in the past few sessions.
Sources reported some short position covering by buyers in parts of the EU in recent weeks, while demand in destination markets such as India and Turkey has been limited amid sufficient nearby supply and discrepancies between seller and buyer ideas.
Fastmarkets’s assessment for sunoil FOB Six Ports was last assessed at $1,488 per tonne on April 23, a decrease of $13 per tonne day-on-day.
Prices in the European palm oil complex and lauric market saw mixed movement during the same period, with crude palm oil (CPO) prices rising, and crude palm kernel oil (CPKO) and crude coconut oil (CCNO) prices easing.
Market participants continued to assess biodiesel related policy developments, expected to support longer term demand for palm-based feedstocks. While higher blending mandates in key producing countries are expected to lift domestic consumption over time, market participants expect these measures to support longer term palm oil demand but say impact on spot pricing is likely to be gradual rather than immediate.
Momentum around the EU Deforestation Regulation (EUDR) increased ahead of the European Commission’s April 2026 package, with recent updates discussed during a mid April webinar titled “EUDR: triggering systemic changes,” conducted by environmental non-governmental organization Fern.
The webinar featured panelists from the European Commission, the European Forest Institute and industry and government representatives, and it outlined progress on EUDR implementation and forthcoming clarifications.
The Commission set out that the April package, expected to be released by the end of the month, will include updated guidance and FAQs, a delegated act on Annex I, updates to the implementing act on the EUDR information system, and a report to the European Parliament and the Council, with a focus on clarifying regulatory requirements, improving the functioning of the information system, and addressing issues raised through stakeholder feedback, including operator roles and data reporting.
CPO prices strengthened modestly over the period. Fastmarkets’ daily price assessment for crude palm oil, cif Rotterdam, was $1,465 per tonne on April 23, up $25 per tonne from $1,440 per tonne on April 16. Prices rose earlier in the week before stabilizing toward the end of the week.
Fastmarkets’ daily price assessment for crude palm oil, cif Rotterdam was $1,465 per tonne on Thursday, unchanged from previous assessment on Wednesday.
CPKO prices weakened overall, despite some day-to-day volatility. Fastmarkets’ daily price assessment for crude palm kernel oil, cif Rotterdam, fell to $2,150 per tonne on April 23, down $15 per tonne from $2,165 per tonne on April 16.
Fastmarkets’ daily price assessment for crude palm kernel oil, cif Rotterdam was $2,150 per tonne on Thursday, down by $35 per tonne from $2,185 per tonne during previous assessment.
CCNO prices also declined over the week. Fastmarkets’ daily price assessment for crude coconut oil, cif Rotterdam, was $2,250 per tonne on April 23, down $25 per tonne from $2,275 per tonne on April 16. As a result, the premium of CCNO over CPKO narrowed slightly toward the end of the week.
Fastmarkets’ daily price assessment for crude coconut oil, cif Rotterdam was $2,250 per tonne on Thursday, unchanged from previous assessment on Wednesday.
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