The European cooking oil market is currently witnessing fluctuating prices due to a combination of factors including global demand and weather patterns. This analysis provides a glimpse into the current pricing trends for bulk cooking oils across Europe as of October 2023.
Soybean oil, a popular choice for its versatility, is currently priced between £5.50 and $8.50 per kilogram depending on the supplier and location within Europe. Sunflower oil prices have been affected by the ongoing conflict in Ukraine, a major producer of this commodity. As a result, bulk sunflower oil is fetching prices between £8.10 and €12.
Olive oil, renowned for its flavor and health benefits, remains a premium product with prices ranging from $16.50 to €20 per kilogram. This price range reflects the high production costs associated with olive oil cultivation.
- Rapeseed oil prices are currently in the range of €7 to £8.10 per kilogram.
- Palm oil, a versatile oil used in various applications, is priced between €8 and €11 per kilogram.
It's important to note that these prices are subject to change due to various market factors such as supply, demand, weather conditions, and geopolitical events.
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