Refined Soybean Oil Prices

Refined Soybean Oil Price Trend, Index and Forecast

Track the latest insights on refined soybean oil price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Refined Soybean Oil Prices Outlook Q1 2026

• USA: USD 1,436/MT
• China: USD 1,365/MT
• Germany: USD 1,319/MT
• Italy: USD 1,205/MT
• India: USD 1,648/MT

Refined Soybean Oil Price Chart

Get real-time access to monthly/quarterly/yearly prices Request Sample

During the first quarter of 2026, the refined soybean oil prices in USA reached 1,436 USD/MT in March. Prices moved upward as stronger food processing demand, firm biodiesel consumption, and improving export interest tightened market availability. Soybean crushing margins supported feedstock costs, while steady purchases from packaged food manufacturers added support. Logistics remained manageable, yet higher handling and storage costs kept offers firm. Market participants also responded to improved vegetable oil sentiment, with buyers securing volumes ahead of further price gains.

During the first quarter of 2026, the refined soybean oil prices in China reached 1,365 USD/MT in March. Prices increased as edible oil demand improved after seasonal restocking and downstream buyers returned to active procurement. Feedstock costs strengthened due to firmer soybean values and higher crushing expenses. Domestic inventories remained under pressure as refiners balanced supply commitments with cautious production schedules. Import parity also supported local offers, while better demand from food service and packaged food sectors lifted market confidence.

During the first quarter of 2026, the refined soybean oil prices in Germany reached 1,319 USD/MT in March. Prices rose slightly as steady demand from food processors and industrial users supported the market. Rapeseed oil competition limited sharper gains, yet soybean oil offers remained firm due to higher feedstock and energy related refining costs. Buyers maintained need based purchasing, keeping trade activity measured. Supply chains were stable, but replacement costs stayed elevated, helping sellers maintain firmer quotations.

During the first quarter of 2026, the refined soybean oil prices in Italy reached 1,205 USD/MT in March. Prices increased as food manufacturing demand improved and buyers replenished inventories after cautious earlier procurement. Higher soybean and vegetable oil values supported refined oil offers. Import costs also remained firm, adding pressure on landed prices. Demand from bakery, processed food, and food service segments improved gradually, while sellers avoided deep discounts due to higher refining and logistics expenses.

During the first quarter of 2026, the refined soybean oil prices in India reached 1,648 USD/MT in March. Prices climbed as edible oil demand strengthened and domestic buyers increased purchases before further market gains. Import costs remained firm, supported by stronger global vegetable oil sentiment and higher replacement values. Refiners faced elevated feedstock expenses, while steady consumption from food processing and household channels supported price momentum. Limited flexibility in inventories kept sellers confident.

Refined Soybean Oil Prices Outlook Q4 2025

• USA: USD 1,246/MT
• China: USD 1,207/MT
• Germany: USD 1,288/MT
• Italy: USD 1,166/MT
• India: USD 1,468/MT

During the fourth quarter of 2025, the refined soybean oil prices in the USA reached 1,246 USD/MT in December. Prices increased supported by steady demand from food processing, edible oil blending, and biodiesel applications. Additionally, active crushing operations and structured export participation influenced supply positioning, while buyers aligned procurement with downstream production schedules and seasonal consumption patterns.

During the fourth quarter of 2025, the refined soybean oil prices in China reached 1,207 USD/MT in December. Prices rose amid consistent demand from food manufacturing and commercial distribution channels. Moreover, balanced domestic inventories and coordinated restocking activity shaped sourcing behavior, encouraging buyers to secure volumes aligned with retail and institutional consumption cycles.

During the fourth quarter of 2025, the refined soybean oil prices in Germany reached 1,288 USD/MT in December. Prices edged higher supported by steady demand from packaged food production and edible oil blending operations. In addition to this, reliance on imports and broader vegetable oil market dynamics influenced procurement strategies, with buyers emphasizing contract-based sourcing to maintain supply continuity.

During the fourth quarter of 2025, the refined soybean oil prices in Italy reached 1,166 USD/MT in December. Prices advanced driven by stable demand from foodservice distribution and processed food manufacturers. Furthermore, structured supply agreements and inventory optimization practices shaped procurement decisions, aligning purchases with operational requirements.

During the fourth quarter of 2025, the refined soybean oil prices in India reached 1,468 USD/MT in December. Prices increased amid firm demand from retail distribution, institutional consumption, and industrial food applications. Apart from this, steady import flows and disciplined stock management influenced sourcing strategies, with buyers coordinating procurement in line with consumption visibility.

Refined Soybean Oil Prices Outlook Q3 2025

• USA: USD 1,214/MT
• China: USD 1,187/MT
• Germany: USD 1,270/MT
• Italy: USD 1,145/MT
• India: USD 1,438/MT

During the third quarter of 2025, the refined soybean oil prices in the USA reached 1,214 USD/MT in September. In the USA, prices were influenced by strong domestic consumption in the food processing and biodiesel sectors. Seasonal fluctuations in soybean harvests, combined with high crushing margins, created moderate supply pressure. Export demand remained robust, particularly from Latin America, which supported the overall market sentiment. Rising labor and logistics expenses also contributed to upward price adjustments.

During the third quarter of 2025, the refined soybean oil prices in China reached 1,187 USD/MT in September. Prices were supported by steady demand from the food and feed manufacturing industries. Domestic supply was affected by intermittent refinery shutdowns and limited availability of imported soybeans due to trade restrictions. Currency depreciation further increased import costs, while firm demand from the catering sector during festival periods kept consumption levels high.

During the third quarter of 2025, the refined soybean oil prices in Germany reached 1,270 USD/MT in September. Prices experienced a downward movement amid stable domestic production and reduced demand from the biodiesel industry. Higher soybean yields across major producing countries eased raw material procurement costs. However, fluctuations in freight rates and logistical challenges in inland transport impacted delivery schedules, mildly affecting trade activity.

During the third quarter of 2025, the refined soybean oil prices in Italy reached 1,145 USD/MT in September. Prices were under pressure due to subdued demand from the edible oil and food manufacturing segments. Adequate inventories and a steady inflow of imports from South America maintained market stability. However, persistent energy cost inflation and weak export activity limited the scope for price recovery during this period.

During the third quarter of 2025, the refined soybean oil prices in India reached 1,438 USD/MT in September. Prices rose on the back of increased consumption from the household and industrial food sectors. Monsoon-related transportation disruptions constrained supply to key refining hubs. Strong festival-driven demand and reduced imports due to higher international rates supported domestic price gains. Refiners also faced elevated production and logistics costs, sustaining the upward price momentum.

Refined Soybean Oil Prices Outlook Q2 2025

• USA: USD 1176/MT
• Germany: USD 1300/MT
• China: USD 1156/MT
• Brazil: USD 1358/MT
• India: USD 1392/MT

During the second quarter of 2025, the refined soybean oil prices in the United States reached 1176 USD/MT in June. Prices were buoyed by consistent demand from the biodiesel and processed food industries. Tight soybean supplies and higher production costs due to unfavorable weather conditions supported firm price levels. Export demand from neighboring regions also contributed to sustained market strength throughout the quarter.

During the second quarter of 2025, the refined soybean oil prices in Germany reached 1300 USD/MT in June. European energy cost pressures and logistical inefficiencies led to increased operational expenses for refiners. While domestic demand from the food and chemical sectors remained stable, reduced biodiesel blending activities slightly tempered consumption. Market sentiment stayed firm, supported by moderate import costs and steady regional offtake.

During the second quarter of 2025, the refined soybean oil prices in China reached 1156 USD/MT in June. Market trends were shaped by weak domestic crushing activity and cautious procurement by end-users amid global price volatility. However, the catering sector showed gradual recovery, sustaining overall consumption. Import disruptions from major suppliers due to logistical delays and port congestion also limited product availability.

During the second quarter of 2025, the refined soybean oil prices in Brazil reached 1358 USD/MT in June. Prices softened as domestic production increased following improved soybean harvests. Export volumes to key destinations remained steady, but lower international offers curbed local price gains. The market observed balanced fundamentals, with stable industrial consumption and efficient refinery operations maintaining supply consistency.

During the second quarter of 2025, the refined soybean oil prices in India reached 1392 USD/MT in June. The price increase was driven by persistent demand from the edible oil and food manufacturing sectors. Limited import arrivals amid rising freight costs tightened domestic supply. Retail demand surged due to festival preparations, while high energy costs added inflationary pressure across the refining chain.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing refined soybean oil prices.

Europe Refined Soybean Oil Price Trend

Q1 2026:

Refined soybean oil price index trends in Europe strengthened slightly as higher soybean feedstock costs, firm refining expenses, and stable demand from food processors supported prices. Germany and Italy recorded upward movement as buyers continued regular procurement for bakery, frying, margarine, and packaged food applications. However, the gains remained controlled because rapeseed oil and sunflower oil availability offered buyers alternative options. Refiners maintained firm quotations due to elevated replacement costs and steady offtake, while distributors avoided aggressive stock building.

Q4 2025:

As per the refined soybean oil price index, European prices moved upward, supported by steady demand from packaged food manufacturing, edible oil blending, and foodservice distribution channels. Additionally, import reliance and competitive positioning within the broader vegetable oil complex influenced market dynamics. Buyers emphasized contract-based procurement and quality compliance, while intra-regional logistics networks supported consistent product availability across industrial and retail segments.

Q3 2025:

Prices in Europe advanced steadily due to strong food and biofuel sector demand and rising input costs. Higher energy tariffs and stricter sustainability certifications raised processing expenses. Limited shipments from Latin America, coupled with port congestion, delayed imports and constrained regional supply. Currency fluctuations against the dollar further increased procurement costs for refiners. Meanwhile, end-user demand remained firm, supported by stable household consumption and industrial offtake. The overall market balance leaned toward tightness, sustaining a bullish price trend across major European economies through the quarter.

Q2 2025:

As per the refined soybean oil price index, prices in Europe exhibited moderate fluctuations with balanced fundamentals. The biodiesel sector experienced a temporary slowdown, reducing industrial consumption, while ample inventories supported adequate availability. Food manufacturing demand remained steady, helping to stabilize prices. Energy expenses and compliance costs persisted as key cost drivers for refiners. Import volumes from South America improved gradually, easing prior supply tightness. Despite minor downward adjustments early in the quarter, a late-quarter recovery in consumer and industrial demand maintained overall price equilibrium across the European refined soybean oil market.

This analysis can be extended to include detailed refined soybean oil price information for a comprehensive list of countries. 

North America Refined Soybean Oil Price Trend

Q1 2026:

The refined soybean oil price index trends in North America increased as biodiesel demand, food processing consumption, and firmer soybean values supported market momentum. In the USA, refined soybean oil prices moved upward as buyers resumed active procurement after earlier caution. Biodiesel producers continued to support demand, while food manufacturers secured volumes for frying oils, dressings, bakery fats, and processed food formulations. Sellers responded to tighter spot availability and stronger feedstock costs by raising offers. Improved export interest also helped strengthen regional sentiment, as overseas demand added pressure on available supply.

Q4 2025:

As per the refined soybean oil price index, prices in North America increased amid firm demand from food processing and biodiesel blending sectors. Furthermore, active crushing throughput and stable distribution infrastructure supported balanced supply conditions. Buyers coordinated procurement with downstream production schedules, focusing on structured purchasing to maintain operational continuity.

Q3 2025:

North American prices strengthened on the back of tight soybean supplies and robust biofuel blending mandates. Seasonal weather disturbances reduced crop quality, leading to limited feedstock availability. High export demand, particularly from Asian markets, exerted further pressure on domestic supply. Refiners faced cost escalations from rising labor, energy, and logistics expenses. Nonetheless, consistent demand from the food manufacturing sector maintained a solid pricing foundation. Strategic stockpiling by industrial consumers in anticipation of future supply disruptions contributed to upward price momentum throughout the quarter.

Q2 2025:

In North America, refined soybean oil prices demonstrated a steady upward trajectory driven by strong consumption from food manufacturers and continued interest from biodiesel producers. The availability of soybeans remained adequate, yet higher processing costs and logistical inefficiencies kept prices elevated. Seasonal export commitments reduced local supply, prompting refiners to manage inventories cautiously. Despite stable production operations, some producers implemented controlled output levels to prevent oversupply. Market participants benefited from predictable pricing patterns compared with other global regions, sustaining confidence across the domestic supply chain.

Specific refined soybean oil historical data within the United States and Canada can also be provided.

Middle East and Africa Refined Soybean Oil Price Trend

Q1 2026:

According to the refined soybean oil price chart, supply chain interruptions, seasonal changes in demand, and geopolitical influences were the main causes of the price fluctuations in the Middle East and Africa.

Q4 2025:

As per refined soybean oil price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences.

Q3 2025:

The report explores the refined soybean oil pricing trends and refined soybean oil price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on refined soybean oil prices for countries can also be provided. 

Asia Pacific Refined Soybean Oil Price Trend

Q1 2026:

Asia Pacific refined soybean oil prices strengthened as China and India recorded firmer demand from food processing, food service, and household consumption channels. Seasonal restocking improved buying activity, while soybean feedstock costs and import parity supported higher refined oil offers. In China, downstream buyers returned to the market after cautious purchasing, strengthening trade momentum. In India, edible oil consumption remained firm, with refiners raising offers due to stronger global vegetable oil sentiment and higher replacement costs. Buyers increased procurement to manage supply risks and avoid further price escalation.

Q4 2025:

Across Asia Pacific, refined soybean oil prices rose, supported by consistent demand from food manufacturing, institutional buyers, and edible oil distribution channels. Moreover, coordinated import activity and disciplined inventory management influenced supply conditions across the region. Procurement strategies balanced spot purchases and contractual volumes to align with predictable consumption patterns.

Q3 2025:

In the Asia Pacific region, refined soybean oil prices showed mixed trends due to diverse regional conditions. India witnessed strong price gains supported by festive consumption and reduced edible oil imports. Conversely, China experienced subdued movement owing to large inventories and steady crushing rates. Southeast Asian nations observed mild firming as regional refiners faced higher freight costs. Supply chain inefficiencies, including delayed shipments and currency depreciation, further impacted landed prices. Despite these challenges, broad-based consumption from the food, cosmetics, and biofuel sectors sustained stable overall regional demand throughout the quarter.

Q2 2025:

Across Asia Pacific, prices maintained moderate strength driven by robust consumption in the food and industrial sectors. Import inflows from Brazil and the United States stabilized availability, preventing excessive price swings. India’s domestic demand remained resilient, while China’s recovering consumption lent further market support. Refiners contended with fluctuating freight rates and volatile exchange movements, influencing cost structures. Strong procurement activity by food processors during the latter half of the quarter reinforced market confidence, ensuring that refined soybean oil prices closed the period on a stable note despite external trade uncertainties.

This refined soybean oil price analysis can be expanded to include a comprehensive list of countries within the region. 

Latin America Refined Soybean Oil Price Trend

Q1 2026:

Rich natural reserves, especially in nations like Chile and Brazil, have a major impact on the region's refined soybean oil market. However, significant volatility in refined soybean oil prices can be caused by inconsistent regulatory frameworks and political instability.

Q4 2025:

Latin America's refined soybean oil market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in refined soybean oil prices.

Q3 2025:

Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting Latin America’s ability to meet international demand consistently. Moreover, the refined soybean oil price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing refined soybean oil pricing trends in this region.

Q2 2025:

During the second quarter, Latin American refined soybean oil prices remained relatively stable amid consistent export performance and steady local crushing operations. Favorable climatic conditions boosted soybean yields, enhancing feedstock supply for refiners. The regional market benefited from improved logistics following prior disruptions, lowering transit times and freight expenses. Domestic demand from food manufacturers remained stable, while export commitments to Europe and Asia sustained market confidence. Inflationary trends in certain economies slightly influenced operational costs but did not significantly affect price equilibrium, keeping the overall regional market steady through the quarter.

This comprehensive review can be extended to include specific countries within the region.

Refined Soybean Oil Pricing Report, Market Analysis, and News

IMARC's latest publication, “Refined Soybean Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2026 Edition,” presents a detailed examination of the refined soybean oil market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of refined soybean oil at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed refined soybean oil prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting refined soybean oil pricing, such as the dynamics of supply and demand, geopolitical influences, and sector specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Refined Soybean Oil Industry Analysis

The global refined soybean oil industry size reached 37.2 Million Tons in 2025. By 2034, IMARC Group expects the market to reach 53.2 Million Tons, at a projected CAGR of 3.92% during 2026-2034. The industry growth is driven by rising demand from the global food sector, increasing use in biodiesel production, and expanding applications across industrial and pharmaceutical formulations. Favorable trade dynamics and technological advancements in refining are further enhancing global market competitiveness.

Latest News and Developments:

• July 2025: KRBL, best known for its India Gate rice, launched a new blended edible oil venture, aiming to generate INR 200–300 crore in revenue over three years. The “Gut Pro” variant blends 80% rice bran oil with 20% refined soybean oil, targeting health-conscious consumers.

Product Description

Refined soybean oil is a pale yellow, odorless liquid derived from the seeds of the soybean plant (Glycine max). The production process involves solvent extraction, followed by degumming, neutralization, bleaching, and deodorization to remove impurities and improve oxidative stability. The oil is rich in polyunsaturated fatty acids, particularly linoleic and linolenic acids, and contains natural antioxidants like tocopherols. It is extensively used in the food industry for cooking, frying, and salad dressings due to its high smoke point and neutral taste. Beyond culinary applications, refined soybean oil serves as a key feedstock for biodiesel production and is also utilized in cosmetics, lubricants, paints, and soaps. Its emollient properties make it valuable in pharmaceutical and personal care formulations. The product’s wide availability, cost-effectiveness, and favorable fatty acid profile continue to strengthen its position as one of the most consumed edible oils worldwide.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of refined soybean oil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting refined soybean oil price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The refined soybean oil price charts ensure our clients remain at the forefront of the industry.