Rapeseed Oil Prices in India

• India: 1127 USD/MT (Jun 23)

In December of Q4 2023, rapeseed oil in India hit $1127 per metric ton. The HSBC India Manufacturing Purchasing Managers' Index exceeded initial projections, climbing from January's 56.5 to 56.9.

The latest report by IMARC Group, titled "Rapeseed Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of rapeseed oil prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Rapeseed Oil Prices December 2023:

• India: 1127 USD/MT (Jun 23)

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The study delves into the factors affecting rapeseed oil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Rapeseed Oil Price Trend- Q4 2023

The rapeseed oil market is influenced by the increasing consumer awareness regarding the health benefits of rapeseed oil, such as its high levels of unsaturated fats and omega-3 fatty acids, is boosting its popularity as a healthier alternative to other cooking oils. Additionally, the expanding food industry, particularly in regions such as North America and Europe, is driving the demand for rapeseed oil as a versatile ingredient in various food products, including sauces, dressings, and baked goods. Moreover, the rise in demand for biofuels as a sustainable energy source is propelling the growth of the rapeseed oil market, as it is one of the primary feedstocks for biodiesel production. Furthermore, favorable government policies and subsidies supporting the cultivation of rapeseed for both food and fuel purposes are contributing to market expansion.

Rapeseed Oil Market Analysis

The global rapeseed oil market size reached US$ 35.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 54.9 Billion, at a projected CAGR of 4.7% during 2023-2032. Throughout the fourth quarter of 2023 in North America, the trajectory of rapeseed oil prices followed the market trend observed in the European region. Initially, commencing from October 2023, prices saw a downturn due to reduced purchasing activity and ample availability within the domestic market. Despite being a cost-effective choice, the decline in prices of other edible oils, such as Sunflower oil, intensified competition, keeping rapeseed oil prices suppressed. This pattern persisted until the latter weeks of December when prices began to moderately rebound amid the fourth quarter. Whereas, throughout the fourth quarter of 2023 in the APAC region, numerous factors played a pivotal role in shaping the rapeseed oil market and influencing price fluctuations. In October 2023, rapeseed oil prices witnessed an upward trajectory in the Indian market, fueled by heightened demand during the festival season, which typically spans from September to November. This rise in demand, customary during festivals, led to increased downstream purchasing activity from retailers and suppliers to manufacturers.

Throughout the fourth quarter of 2023, the price of rapeseed oil fluctuated throughout the European region due to some variables. At first, Germany saw a significant drop in prices, mostly due to lower local consumption. Part of the reason why domestic customers were hesitant to accept increased costs was the euro's strengthening relative to the US dollar. Big importers' demand for rapeseed oil was impacted by the state of the economy and the rise in alternative edible oils. On the other hand, November 2023 saw a notable increase in the price of rapeseed oil due to a complicated combination of factors including decreasing inflation of input costs, exchange rate stabilization, decreasing inflation of production costs, and a promising future accompanied by increasing new orders.

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Key Points Covered in the Rapeseed Oil Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Rapeseed Oil Prices
• Price of Rapeseed Oil
• Rapeseed Oil Demand & Supply
• Rapeseed Oil Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Rapeseed Oil Price Analysis
• Rapeseed Oil Industry Drivers, Restraints, and Opportunities
• Rapeseed Oil News and Recent developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Browse More Pricing Reports By IMARC Group:

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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