What is the price of canola oil per kilogram/pound in US today?
The retail price range for US canola oil is between US$ 0.86 and US$ 1.24 per kilogram or between US$ 0.39 and US$ 0.56 per pound(lb). Click here to see today's exact prices of canola oil in US
The retail price range in Euro for canola oil is between EUR 0.79 and EUR 1.14 per kilogram or between EUR 0.36 and EUR 0.52 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US canola oil is between US$ 0.60 and US$ 0.87 per kilogram or between US$ 0.27 and US$ 0.39 per pound(lb).
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US Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from the US over the last five years has been relatively stable. In 2017, the price was 0.95 US $ per kg, followed by 0.91 US $ per kg in 2018, 0.93 US $ per kg in 2019 and 2020, and 1.16 US $ per kg in 2021. The highest price was recorded in 2022, at 1.53 US $ per kg. Based on this data, it is likely that the export price of Canola Oil from the US will remain relatively stable in the next two years, with an estimated price of 1.16 US $ per kg in 2023 and 1.53 US $ per kg in 2024.The US canola oil exports are categorised as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
US Canola Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Canola Oil into the US over the last five years has been relatively stable. In 2016 and 2015, the price was $0.85 per kg, while in 2017 it rose slightly to $0.95 per kg. In 2018 and 2019, the price dropped to $0.91 and $0.93 per kg respectively, before rising again to $1.16 per kg in 2021. The highest price in the last five years was recorded in 2022, at $1.53 per kg. Based on this trend, it is likely that the import price of Canola Oil into the US will remain around the $1.50 mark in 2023 and 2024.Export values for US canola oil
The total values in export for canola oil in US were US$ 111,642, US$ 98,243, US$ 95,514 and US$ 93,685 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in US: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across North America: Canada canola oil, US canola oil, Anguilla canola oil, Antigua and Barbuda canola oil, Bermuda canola oil, Bonaire, Sint Eustatius and Saba canola oil, St.Pierre and Miquelon canola oil, United States Minor Outlying Islands canola oil, Cayman Islands canola oil & Greenland canola oil.
US canola oil - Production, Exports, Imports, Seasons and HS Codes
The amount of canola oil exported by US in 2020 was 123,879 tonnes. In 2019 US sold 100,664 tonnes of canola oil. Through 2019 alone, the market for US canola oil (processed category) has reduced, flactuating by -3.679 pc compared to the year 2018. Between 2017 and 2019, canola oil's exports reduced by -2.64 pc netting the nation US$93.68m for the year 2019. US' canola oil exports are classified as:
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
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US canola oil export values
In 2019, US shipped canola oil with a value of 93.68m USD, a reduction of -1.92% from 2018's total canola oil export of 95.514m USD. The yearly change in value of US canola oil between 2017 to 2018 was -2.778 per cent.
The annual variation in the amount of US' canola oil exports between 2017 and 2019 was -2.64% in comparison to a variation of -3.679% in the period between 2018 and 2019.
US' stake of the world's total canola oil's exports in 2019 was 1.5 per cent. The country holds number 12 in world exports of canola oil.
Export markets for US canola oil ( in '000$ )
US' top destinations for canola oil are Colombia, Mexico, Canada, the Dominican Republic and the Netherlands.
Import/Export Trends
US is a net importer of canola oil. The annual growth of US canola oil in value between 2015 to 2019 was -8%, per year, while annual growth in quantity for the same period was -2%, per annum.
US ordered 1,830,904 tonnes of canola oil in 2019.