North America Rapeseed Oil Prices Movement Q3:

Rapeseed Oil Prices in United States:

In Q3 2024, rapeseed oil prices in the United States reached 1,160 USD/MT, marking a moderate rise amid a challenging market environment. The price increase was driven by regional and global factors, including transportation disruptions and rising utility costs, which placed pressure on the supply chain. However, steady domestic production helped cushion the impact, preventing sharper price hikes. In contrast, the European market experienced a more significant price surge. These combined factors led to a fluctuating but relatively stable market for rapeseed oil in North America during the quarter.

APAC Rapeseed Oil Prices Movement Q3:

Rapeseed Oil Prices in India:

In Q3 2024, rapeseed oil prices in China reached 1,655 USD/MT, driven by several key factors. Rising import tariffs, compounded by a decline in currency valuation, led to higher costs, while supply restrictions further tightened the market. Strong demand from key sectors, including food and biofuels, added upward pressure on prices. Additionally, challenges such as rising freight costs, processing delays, and increased power expenses significantly impacted production, worsening the price surge. The combination of constrained supply and robust demand resulted in substantial price fluctuations, making Q3 2024 a volatile period for rapeseed oil pricing in China.

Europe Rapeseed Oil Price Movement:

In Q3 2024, rapeseed oil prices in Germany declined due to a combination of factors. While higher export demand and increased buying activity caused price spikes in July, adverse weather conditions impacted winter rapeseed crops in key growing regions like Germany, Poland, and Ukraine, leading to reduced production. Initially, this contributed to price hikes, but by August, supply issues began to ease, and demand fluctuated, causing a sharp price decline. These factors created a volatile market, with prices steadily falling throughout the quarter.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Rapeseed Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Rapeseed Oil price trend, offering key insights into global Rapeseed Oil market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Rapeseed Oil demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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