For the Quarter Ending March 2026
NFP-Dew (Veg Fat) Prices in North America
- In United States, the NFP-Dew (Veg Fat) Price Index rose quarter-over-quarter in Q1 2026, driven by elevated feedstock costs.
- The NFP-Dew (Veg Fat) Production Cost Trend increased in March 2026 as producer prices rose 4.0% year-over-year.
- Consumer prices grew 3.3% in March 2026, increasing freight costs for NFP-Dew (Veg Fat) distribution nationwide.
- The NFP-Dew (Veg Fat) Demand Outlook strengthened in March 2026, supported by a 4.0% rise in retail sales.
- A 4.3% unemployment rate and 91.8 consumer confidence index in March 2026 drove substitution toward NFP-Dew (Veg Fat).
- Industrial production grew 0.7% and the Manufacturing Index expanded in March 2026, stabilizing NFP-Dew (Veg Fat) consumption.
- US Gulf soybean oil feedstock costs strengthened in early March 2026 due to rebounding crude oil markets.
- Food processing sector vegetable oil consumption strengthened in March 2026, boosting the NFP-Dew (Veg Fat) Price Forecast.
Why did the price of NFP-Dew (Veg Fat) change in March 2026 in North America?
- Crude oil prices rebounded in early March 2026, pushing NFP-Dew (Veg Fat) feedstock costs upward.
- US soybean oil production declined in March 2026 due to weakened extraction rates across facilities.
- Global palm oil feedstock costs rose in February 2026, elevating broader vegetable oil price indices.
NFP-Dew (Veg Fat) Prices in APAC
- In China, the NFP-Dew (Veg Fat) Price Index rose quarter-over-quarter in Q1 2026, driven by tightening supply.
- The NFP-Dew (Veg Fat) Production Cost Trend increased as Producer Price Index rose 0.5% in March 2026.
- Industrial production grew 5.7% year-over-year in March 2026, supporting a stronger NFP-Dew (Veg Fat) Demand Outlook.
- China's Manufacturing Index expanded in March 2026, reflecting recovered industrial activity for NFP-Dew (Veg Fat) processing.
- Consumer Price Index rose 1.0% while retail sales grew 1.7% in March 2026, sustaining baseline consumption.
- An unemployment rate of 5.4% in March 2026 and consumer confidence at 91.6 in February 2026 dampened spending.
- Import costs for palm oil feedstock spiked in March 2026, elevating the NFP-Dew (Veg Fat) Price Forecast.
- Food-sector procurement strengthened and downstream buyers replenished NFP-Dew (Veg Fat) inventories during the Q1 2026 period.
Why did the price of NFP-Dew (Veg Fat) change in March 2026 in APAC?
- Palm oil feedstock import costs spiked in March 2026, directly increasing the regional production expenses.
- China's Producer Price Index rose 0.5% in March 2026, reflecting higher factory-gate industrial manufacturing costs.
- Global palm oil feedstock availability tightened significantly during Q1 2026, directly constraining regional supply chains.
NFP-Dew (Veg Fat) Prices in Europe
- In Germany, the NFP-Dew (Veg Fat) Price Index rose quarter-over-quarter in Q1 2026, driven by strengthened feedstock costs.
- The NFP-Dew (Veg Fat) Production Cost Trend increased in March 2026 as vegetable oil costs strengthened.
- The NFP-Dew (Veg Fat) Demand Outlook stabilized in March 2026 as biofuel sector consumption strengthened.
- The NFP-Dew (Veg Fat) Price Forecast trended upward in Q1 2026 due to tightened hydrotreated supply.
- Higher inflation at 2.7% in March 2026 increased energy-intensive processing costs for NFP-Dew (Veg Fat).
- A producer price decline of -0.2% in March 2026 eased upstream agricultural feedstock processing pressures.
- The Manufacturing Index expanded in March 2026, while 0.0% industrial production in February 2026 reflected flat demand.
- Retail sales growth of 0.7% and a 4.2% unemployment rate in February 2026 sustained baseline demand.
- Negative consumer confidence at -24.7 in March 2026 negatively impacted NFP-Dew (Veg Fat) discretionary demand.
Why did the price of NFP-Dew (Veg Fat) change in March 2026 in Europe?
- Vegetable oil feedstock costs strengthened in March 2026 due to intensified regional biofuel sector competition.
- Regional supply of hydrotreated vegetable fats tightened in Q1 2026 due to planned refinery maintenance.
- Overall industrial energy costs plummeted in February 2026, which significantly lowered operational costs for processors.
For the Quarter Ending December 2025
NFP-Dew (Veg Fat) Prices in North America
- In the United States, NFP-Dew (Veg Fat) Price Index rose in Q4 2025, driven by market dynamics.
- NFP-Dew (Veg Fat) production costs increased in Q4 2025, influenced by a 2.7% CPI rise in December.
- Tightening global oilseed production and rising U.S. natural gas prices elevated NFP-Dew (Veg Fat) costs in late 2025.
- NFP-Dew (Veg Fat) demand strengthened in Q4 2025, supported by a 2.0% industrial production increase in December.
- Robust retail sales, up 3.3% in November 2025, drove NFP-Dew (Veg Fat) end product demand.
- Consumer confidence of 89.1 in December 2025 supported NFP-Dew (Veg Fat) demand for consumer goods.
- Global palm oil ending stocks declined in Q4 2025, tightening NFP-Dew (Veg Fat) availability.
- NFP-Dew (Veg Fat) Price Forecast suggests continued upward pressure from sustained demand and higher input costs.
Why did the price of NFP-Dew (Veg Fat) change in December 2025 in North America?
- Production costs for NFP-Dew (Veg Fat) rose due to a 3.0% PPI increase in November 2025.
- Demand for NFP-Dew (Veg Fat) strengthened, supported by a 2.0% industrial production increase in December.
- Tightening global oilseed production trends in Q4 2025 contributed to higher NFP-Dew (Veg Fat) prices.
NFP-Dew (Veg Fat) Prices in APAC
- In China, the NFP-Dew (Veg Fat) Price Index fell quarter-over-quarter in Q4 2025, driven by subdued consumer spending.
- NFP-Dew (Veg Fat) production costs rose in Q4 2025 due to elevated palm oil feedstock and higher electricity prices.
- Overall vegetable oil demand for food purposes declined in Q4 2025; oleochemicals market saw steady growth.
- Global palm oil ending stocks were projected reduced for Marketing Year 2025/26, tightening Q4 2025 supply.
- China's vegetable oil import volumes declined in Q4 2025 due to adequate domestic crushing and subdued consumption.
- Weak consumer demand (CPI 0.8%, retail sales 0.9%) in December 2025 dampened NFP-Dew (Veg Fat) consumption.
- Industrial Production grew 5.2% in December 2025, and the Manufacturing Index expanded, supporting NFP-Dew (Veg Fat) demand.
- The urban unemployment rate was 5.1% in December 2025, contributing to cautious consumer behavior and reduced spending.
Why did the price of NFP-Dew (Veg Fat) change in December 2025 in APAC?
- Low consumer demand (CPI 0.8%, retail sales 0.9% in Dec 2025) dampened NFP-Dew (Veg Fat) demand.
- Producer Price Index declined 1.9% in December 2025, indicating deflationary pressures on NFP-Dew (Veg Fat) pricing.
- Elevated palm oil feedstock costs in Q4 2025 provided upward pressure, but weak demand prevailed for NFP-Dew (Veg Fat).
NFP-Dew (Veg Fat) Prices in Europe
- In Germany, the NFP-Dew (Veg Fat) Price Index fell in Q4 2025, influenced by declining producer prices in December 2025.
- NFP-Dew (Veg Fat) production costs faced downward pressure as producer prices declined 2.5% year-on-year in December 2025.
- The NFP-Dew (Veg Fat) demand outlook softened as the Manufacturing Index showed a contracting trend in December 2025.
- Consumer confidence remained significantly negative at -17.5 in December 2025, dampening demand for consumer goods.
- Industrial production in Germany increased 0.8% year-on-year in October 2025, offering some support for NFP-Dew (Veg Fat) demand.
- Energy and feedstock costs for NFP-Dew (Veg Fat) production rose in November 2025, with natural gas and electricity spiking.
- Industrial inventories in Germany showed tightening leading up to October 2025, while exports declined in November 2025.
- New orders in German manufacturing increased for two consecutive months leading up to October 2025.
Why did the price of NFP-Dew (Veg Fat) change in December 2025 in Europe?
- Producer prices of industrial products in Germany declined in December 2025, reducing input costs.
- The Manufacturing Index showed a contracting trend in December 2025, indicating weaker industrial demand.
- Consumer confidence was significantly negative at -17.5 in December 2025, impacting end-use product demand.
For the Quarter Ending September 2025
NFP-Dew (Veg Fat) Prices in North America
- In United States, the NFP-DEW (VEG FAT) Price Index rose quarter-over-quarter in Q3 2025, driven by rising production costs.
- NFP-DEW (VEG FAT) production costs strengthened from a 2.6% year-over-year PPI rise in August 2025.
- Domestic demand for soybean oil, a key feedstock, surged for biofuel production in Q3 2025.
- Wholesale electricity prices strengthened across most US regions in 2025, elevating NFP-DEW (VEG FAT) manufacturing costs.
- NFP-DEW (VEG FAT) demand outlook was mixed; retail sales increased 5.42% year-over-year in September 2025.
- Consumer confidence declined, with 4.3% unemployment and 3.0% CPI rise in September 2025, tempering NFP-DEW (VEG FAT) demand.
- Industrial production showed weak 0.1% year-over-year growth in September 2025, indicating subdued industrial demand.
- The NFP-DEW (VEG FAT) Price Index is forecast to face continued upward pressure from sustained feedstock and energy costs.
Why did the price of NFP-DEW (VEG FAT) change in September 2025 in North America?
- Production costs for NFP-DEW (VEG FAT) increased from a 2.6% year-over-year PPI rise in August 2025.
- Soybean oil prices were raised in July 2025; natural gas feedstock costs strengthened in September 2025.
- Domestic demand for soybean oil for biofuel production surged in Q3 2025, tightening feedstock.
NFP-Dew (Veg Fat) Prices in Europe
- In Germany, the NFP-DEW (VEG FAT) Price Index rose quarter-over-quarter in Q3 2025, driven by firm feedstock costs and declining vegetable oil stocks.
- NFP-DEW (VEG FAT) production costs faced upward pressure from firm feedstock prices and rising wholesale electricity costs in Q3 2025.
- Global vegetable oil market strain, with projected declines in rapeseed and sunflower seed oil supplies, impacted NFP-DEW (VEG FAT) availability.
- NFP-DEW (VEG FAT) demand outlook was mixed; retail sales growth slowed to 0.2% in September 2025, while industrial production contracted by 1.0%.
- Vegetable oil stocks in Europe declined in 2025, particularly for crop-based feedstocks, tightening NFP-DEW (VEG FAT) supply.
- Demand for vegetable oils from the European biodiesel sector strengthened in 2025 due to mandates, supporting NFP-DEW (VEG FAT) consumption.
- EU imports of major vegetable oils decreased between October 2024 and August 2025, influencing NFP-DEW (VEG FAT) trade flows.
- Unemployment rose to 3.9% and CPI to 2.4% in September 2025, affecting consumer purchasing power for NFP-DEW (VEG FAT) end-products.
Why did the price of NFP-DEW (VEG FAT) change in September 2025 in Europe?
- Firm feedstock costs and declining vegetable oil stocks exerted upward pressure on prices.
- Industrial production contracted 1.0% in September 2025, moderating demand for industrial applications.
- Retail sales growth slowed to 0.2% in September 2025, impacting consumer goods demand.
NFP-Dew (Veg Fat) Prices in APAC
- In China, the NFP-DEW (VEG FAT) Price Index fell quarter-over-quarter in Q3 2025, influenced by weak industrial demand.
- NFP-DEW (VEG FAT) production costs were impacted by crude palm oil feedstock, which remained stable to moderately strengthened in Q3 2025.
- Elevated natural gas prices in Asian import markets contributed to higher NFP-DEW (VEG FAT) energy costs during Q3 2025.
- China's CPI decreased by 0.3% year-on-year in September 2025, reflecting subdued consumer spending for NFP-DEW (VEG FAT).
- The Manufacturing Index was contracting in September 2025, signaling reduced industrial activity and NFP-DEW (VEG FAT) demand.
- Industrial production grew by 6.5% year-on-year in September 2025, offering some counter-balance to overall demand.
- Retail sales increased by 3.0% year-on-year in September 2025, supporting NFP-DEW (VEG FAT) demand in consumer goods.
- Combined inventories of major vegetable oils increased in August 2025, adding to NFP-DEW (VEG FAT) supply availability.
Why did the price of NFP-DEW (VEG FAT) change in September 2025 in APAC?
- Weak consumer confidence (89.6 index, September 2025) and declining CPI (-0.3%) dampened NFP-DEW (VEG FAT) demand.
- Contracting Manufacturing Index and a -2.3% PPI in September 2025 indicated reduced industrial demand.
- Increased combined vegetable oil inventories in August 2025 contributed to downward pressure on NFP-DEW (VEG FAT) prices.
