Prices updated June 9, 2025
Jump to a question:
Why is canola oil so expensive right now?
US canola oil prices increased 13.55% year-over-year to US$12-16/gallon at retail in June 2025, driven by biodiesel demand consuming 25% of domestic supply and import constraints from drought-affected Canadian producers.
American consumers face sticker shock as canola oil surpasses US$4/liter at many supermarkets. The underlying commodity reached US$520/MT on global markets June 9, 2025. US processors pay premium prices competing against biodiesel refineries for limited supplies.
North American supply shortages hit US buyers hardest. Canada normally supplies 85% of US canola oil imports, but drought reduced shipments 20%. Meanwhile, US biodiesel mandates require increasing volumes of canola oil, creating domestic competition between food and fuel uses.
Key takeaways:
- Shop warehouse clubs for US$10-12/gallon bulk pricing
- Stock up during Memorial Day and July 4th sales
- Switch to US-produced soybean oil to save 30%
US canola oil futures tracked on commodity exchanges project US$531/MT by quarter-end. This suggests retail prices may reach US$17-18/gallon by September 2025. Smart US buyers should purchase now before further increases.
Summary: US canola oil costs 13.55% more than 2024 due to domestic biodiesel competition and reduced Canadian imports. Retail prices of US$12-16/gallon will likely increase through summer 2025.
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Why is the canola price dropping?
Canola prices experience periodic drops during harvest seasons and when speculators exit over-the-counter positions, though the overall trend shows continued monthly gains as of June 2025.
Market volatility creates buying opportunities despite the annual uptrend. Harvest pressure typically emerges July-September when new crop supplies enter markets. These seasonal patterns allow strategic buyers to time purchases during temporary dips.
Financial instruments traded on ICE Futures Canada amplify both rises and drops. When hedge funds unwind positions, prices can fall 5-10% within days before recovering. Smart buyers monitor these technical selloffs for procurement opportunities.
Key takeaways: • Track harvest reports from Canada and EU for timing • Watch for technical drops below 700 CAD/MT support levels • Build inventory during July-September harvest pressure
Over-the-counter derivatives and contract-for-difference trading add volatility beyond fundamental supply-demand factors. This financial speculation creates price drops unrelated to physical market conditions.
Summary: Temporary canola price drops occur during harvest seasons and speculative selloffs, offering procurement windows despite the broader annual uptrend. Monitor ICE Futures for entry points below US$500/MT.
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Is canola oil the cheapest oil?
No, canola oil at US$10-14/gallon ranks mid-priced between cheaper soybean oil (US$7-9/gallon) and premium olive oil (US$15-25/gallon) based on June 2025 retail data.
Canola oil offers superior value for health-conscious buyers despite higher costs than commodity oils. Its high smoke point and neutral flavor justify the premium over soybean while costing significantly less than olive oil for high-heat cooking.
Great Value Canola Oil with 4.5/5 stars from 1,234 reviews provides budget options at US$8-10/gallon. This store brand delivers quality matching national brands while reducing costs 20-30% for price-sensitive buyers.
Key takeaways: • Choose soybean oil for maximum savings on deep frying • Select canola for balanced price-performance in baking • Reserve olive oil for finishing dishes, not high-heat cooking
Non-GMO and organic canola varieties command 40-60% premiums over conventional options. These specialty products appeal to health-focused consumers but significantly increase costs versus standard canola oil.
Summary: Canola oil sits mid-range at US $10-14 per gallon; more expensive than soybean but cheaper than olive oil. It offers optimal price-performance for health-conscious cooking requiring high smoke points.
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How many gallons is 35 lbs of canola oil?
35 pounds of canola oil equals 4.73 gallons (17.9 liters) using the standard density of 7.4 pounds per gallon at room temperature according to industry specifications.
This conversion helps compare bulk pricing between weight-based wholesale and volume-based retail. Temperature affects measurements; cold canola oil becomes denser while heating reduces density by approximately 4% at frying temperatures.
Key takeaways: • Use 7.4 lb/gallon for accurate conversions • Add 5% buffer when ordering to account for temperature variations • Request consistent units from suppliers to simplify comparisons
Canola oil conversion table:
| Pounds | Gallons | Liters | Pack Size |
|---|---|---|---|
| 35 lb | 4.73 gal | 17.9 L | 1 case |
| 50 lb | 6.76 gal | 25.6 L | Bulk tote |
| 100 lb | 13.5 gal | 51.1 L | 2 cases |
Bulk 35-pound packaging remains standard for foodservice, offering 15-20% savings versus retail gallons. Commercial kitchens benefit from these case pack sizes when storage permits.
Summary: Convert 35 pounds of canola oil to 4.73 gallons using the 7.4 lb/gal density standard. Bulk packaging in 35-pound units provides optimal savings for commercial users.
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What is the current market price of canola?
Canola trades at 712.88 CAD/MT (US$520/MT) as of June 9, 2025, following strong monthly and annual gains according to ICE Futures Canada official settlement prices.
Real-time pricing reflects complex global dynamics. The June 2025 contract shows continued strength. Projections reach 728.51 CAD/MT (US$531/MT) by quarter-end based on futures curve analysis.
Retail canola oil prices lag commodity moves by 4-6 weeks. Current supermarket pricing ranges US$3.50-4.50/liter. Bulk foodservice costs US$10-14/gallon, reflecting earlier commodity levels.
Key takeaways: • Track ICE Futures Canada symbol RS for daily updates • Expect 4-6 week lag between futures and retail prices • Calculate US$ prices using 0.73 CAD/USD exchange rate
Current price breakdown:
- Spot price: 712.88 CAD/MT (US$520/MT)
- 3-month forecast: 728.51 CAD/MT (US$531/MT)
- Retail translation: US$3.50-4.50/liter
- Bulk pricing: US$10-14/gallon
Professional buyers use financial instruments including futures and options to hedge price risk. These tools help lock in costs despite market volatility.
Summary: Canola currently trades at US$520/MT on ICE Futures Canada, showing strong yearly growth. Retail prices of US is $10-14 per gallon reflect commodity increases with a 4-6 week lag time.
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Is canola oil cheaper than olive oil?
Yes, canola oil at US$10-14/gallon costs 40 to 60% less than olive oil at US$15-25/gallon for regular varieties, with premium extra virgin olive oil reaching US$30-40/gallon.
Price differentials reflect production costs and yields. Canola seeds produce higher oil yields through efficient mechanical pressing, while olive oil requires more raw material and processing time. This fundamental difference maintains consistent price spreads.
Customer reviews highlight canola’s value proposition. Wesson Pure Canola Oil earns 4.1/5 stars from 136 reviews, with users praising cooking performance at lower costs. Crisco Pure Canola Oil achieves 4.5/5 stars from satisfied buyers noting excellent frying results.
Key takeaways: • Save 50% using canola for high-heat cooking versus olive oil • Reserve expensive olive oil for dressings and finishing • Buy store-brand canola for additional 20% savings
Both oils serve different culinary purposes despite price gaps. Canola’s neutral taste and high smoke point suit general cooking, while olive oil’s distinct flavor enhances Mediterranean dishes. Smart kitchens stock both, using each appropriately.
Summary: Canola oil costs 40% to 60% less than olive oil, ranging US$10 to 14/gallon versus US $15 to 40/gallon. This price advantage makes canola optimal for high-volume cooking while reserving olive oil for flavor applications.
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What are the best canola oil products to buy?
Great Value Canola Oil leads with 4.5/5 stars from 1,234 reviews, offering best value at US$8-10/gallon, while Wesson and Crisco provide premium options with strong customer satisfaction ratings.
Customer feedback reveals key quality factors. Users appreciate canola oil’s clean taste, high smoke point, and versatility for both cooking and baking. Great Value’s massive review count demonstrates consistent quality matching pricier brands.
Top-rated products based on reviews:
- Great Value Canola Oil: 4.5/5 stars (1,234 reviews) – Best value
- Crisco Pure Canola Oil: 4.5/5 stars (23 reviews) – Premium quality
- Wesson Pure Canola Oil: 4.1/5 stars (136 reviews) – Trusted brand
Key takeaways: • Choose Great Value for everyday cooking at lowest price • Select Crisco for commercial kitchens requiring consistency • Pick smaller containers if storage space limits bulk buying
Common complaints center on packaging rather than oil quality. Customers report flimsy containers and broken caps causing spills. Despite packaging issues, oil performance receives consistent praise for leaving food well-cooked without unwanted flavors.
Buyers specifically note canola oil performs better than some imported brands, with one customer highlighting superiority over Kiraland brand. The non-toxic quality and lack of smoke at high temperatures make it ideal for commercial frying.
Summary: Great Value Canola Oil offers best value with 4.5/5 stars from 1,234 reviews at US$8-10/gallon. Premium brands like Crisco and Wesson cost more but provide consistent quality for demanding applications.
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Complete Summary
Canola oil prices reached US$520/MT in June 2025, reflecting strong annual gains driven by biodiesel demand and supply constraints. Major producers Canada, EU, and Australia face ongoing challenges. Retail prices of US$10-14/gallon position canola mid-range—above soybean oil (US$7-9) but below olive oil (US$15-40). Convert 35 pounds to 4.73 gallons using 7.4 lb/gal density. Great Value brand offers best retail value with 4.5/5 stars from 1,234 reviews at US$8-10/gallon. Monitor ICE Futures Canada for timing purchases during harvest drops. Prices are expected to reach US$531/MT by quarter-end. Smart buyers save 35% through bulk ordering and strategic timing.
Want to lock in stable canola oil pricing? Request a commercial supply contract quote today.
