Soybean Oil Prices

Soybean Oil Price Trend and Forecast

Track the latest insights on 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.

Soybean Oil Prices Outlook Q2 2025

• USA: US$ 940/MT
• South Korea: US$ 1120/MT
• China: US$ 925/MT
• Brazil: US$ 960/MT
• Argentina: US$ 958/MT

Soybean Oil Price Chart

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

During the second quarter of 2025, the soybean oil prices in the USA reached 940 USD/MT in June. As per the soybean oil price chart, prices moved upward, supported by a mix of policy shifts, strong global demand, and persistent supply constraints. The cost of production rose during the quarter, pressured by higher freight expenses and reduced margins at crushing facilities. Weather-related planting delays in the Midwest further restricted oilseed availability, tightening the raw material supply chain.

During the second quarter of 2025, the soybean oil prices in South Korea reached 1120 USD/MT in June. Demand within South Korea remained cautious. The food processing industry kept procurement limited to immediate needs, avoiding large stockpiles amid economic uncertainty. The industrial segment, particularly tied to biofuel blending, was restrained by the fall in crude oil values, which discouraged uptake and eroded incentives for soybean oil usage. Importers also leaned toward cheaper substitutes like palm oil, further undermining the position of soybean oil in the domestic market.

During the second quarter of 2025, soybean oil prices in China reached 925 USD/MT in June. Soybean oil prices in China moved consistently lower, weighed down by oversupply and subdued demand both at home and abroad. Crushing volumes reached record highs, which flooded the market with excess oil and left processors struggling to find adequate outlets. Export opportunities were limited as international buyers showed little appetite, keeping prices under pressure and leaving Chinese sellers in a highly competitive position.

During the second quarter of 2025, the soybean oil prices in Brazil reached 960 USD/MT in June. Currency fluctuations and weather variability continued to inject uncertainty into Brazil’s production cost base, influencing how crushers managed margins and adjusted operations. However, efficiencies in logistics during June allowed exporters to meet strong external demand with greater reliability, offsetting earlier constraints seen in transport and supply chain flows. This adaptability contributed to a firmer close to the quarter, with export-linked pricing momentum outweighing the bearishness that dominated mid-quarter.

During the second quarter of 2025, the soybean oil prices in Argentina reached 958 USD/MT in June. Soybean oil prices in Argentina followed a turbulent course, shaped by shifting policy, weather-related production factors, and swings in international demand. The quarter began with limited harvest availability and cautious crushing operations, which lent firmness to early pricing. The turning point came in June, when Argentina’s exporters accelerated shipments ahead of anticipated increases in export duties.

Soybean Oil Prices Outlook Q1 2025

• USA: US$ 1015/MT
• China: US$ 947/MT
• India: US$ 1562/MT
• Argentina: US$ 976/MT
• Brazil: US$ 937/MT

During the first quarter of 2025, the soybean oil prices in the USA reached 1015 USD/MT in March. As per the soybean oil price chart, lower domestic soybean output and yields led to tighter supply and pricing conditions for the market. Demand stayed constant in spite of this, propelled by robust exports and biodiesel industry consumption. Price increases were also caused by shipping delays and growing expenses.

During the first quarter of 2025, the soybean oil prices in China reached 947 USD/MT in March. ​China's soybean oil prices surged sharply as a result of delayed imports and elevated domestic demand. The supply chain was further stretched by the ongoing trade disputes and increased production costs. These elements, along with a dearth of substitutes, caused prices to rise steadily.

During the first quarter of 2025, the soybean oil prices in India reached 1562 USD/MT in March. Due to limited supply, the prices rose across the country. Moreover, the situation worsened by a decline in imports and a hike in domestic demand, particularly in the food and biodiesel industries. Price hikes were also exacerbated by production cost increases and shipping delays.

During the first quarter of 2025, the soybean oil prices in Argentina reached 976 USD/MT in March. Unfavorable weather conditions affected Argentina's soybean oil market, resulting in decreased production and lower soybean yields. Due to competitive pricing, demand remained high, especially for export markets. Besides, price increases were caused by inflationary pressures and rising input costs.

During the first quarter of 2025, the soybean oil prices in Brazil reached 937 USD/MT in March. Strong export demand and currency depreciation caused price rises in the first quarter of 2025. Due to balanced inventories, pricing trends stayed steady in spite of inflationary pressures and growing production costs. However, expectations of sustained price support due to robust exports and continuous supply restrictions defined the market's modestly upbeat outlook.

Soybean Oil Prices Outlook Q4 2024

• USA: US$ 988/MT
• China: US$ 913/MT
• Netherlands: US$ 957/MT
• Brazil: US$ 897/MT

During the last quarter of 2024, the soybean oil prices in the United States reached 988 USD/MT in December. The market saw initial price strength due to biofuel demand; however, it weakened later due to oversupply and lower crude oil prices. Tight domestic supplies, worsened by droughts in the Midwest, kept prices elevated in October and November. However, December saw a decline as global competition from Brazil, a strong United States dollar, and cheaper choices like sunflower oil reduced demand, pushing prices downward.

In the last quarter of 2024, soybean oil prices in China remained mostly stable with minor fluctuations. The quarter ended with soybean oil priced at 913 USD/MT in December. China's market fluctuated due to supply constraints, currency depreciation, and strong domestic demand. October and November saw rising prices as reduced global soybean production and high local consumption tightened supplies. However, December brought a downturn as alternative oils like sunflower oil gained market share, weakening demand.

During the last quarter of 2024, soybean oil pricing in the Netherlands saw fluctuations. The quarter ended with soybean oil priced at 957 USD/MT in December. Local demand trends and changes in worldwide supply caused price volatility in the Netherlands' soybean oil market. Due to supply shortages and robust demand from the food and biofuel industries, prices spiked in October. But in December, rising imports, especially from Brazil, as well as competition from sunflower oils and palm, weakened prices. Prices fell as a result of market pressure from weak seasonal demand and worries about inflation.

In the last quarter of 2024, soybean oil prices in Brazil remained at 897 USD/MT in December. Due to excess, the market first fell in Q4 2024, but it recovered in December when exports soared. Due to competition from cheaper palm oil and substantial local supplies, prices fell in October. As Argentina regained market share and supply rose, November kept the downward pressure going. Demand from Europe and Asia increased in December, though, while supply was constrained by biofuel regulations and logistical issues, which caused price trends to reverse.

Soybean Oil Prices Outlook Q2 2024

• Ukraine: US$ 905/MT
• China: US$ 920/MT

During the Q2 quarter of 2024, the soybean oil prices in the Ukraine reached 905 USD/MT in June. Additionally, the soybean oil market saw a steady climb in prices across second quarter in Ukraine, influenced by reduced soybean availability due to challenging climate circumstances affecting crop yields. High demand within local markets and increased transportation prices further amplified the upward price trend, maintaining a robust pricing environment.

In the Q2 2024, soybean oil prices in China reached 920 USD/MT in June. The market experienced a notable increase in prices, primarily driven by strong demand from the food and biofuel industries and limited supplies due to disrupted harvests from adverse weather. The demand-supply mismatch, alongside rising global freight costs, led to significant price surges throughout the quarter.

Soybean Oil Prices Outlook Q4 2023

• Netherlands: US$ 951/MT

The soybean oil prices in the Netherlands experienced a significant decline in Q4 2023 reaching 951 USD/MT by December. Market saturation led to aggressive price cuts as traders attempted to clear excess stock. The situation was compounded by declining demand, especially from the biofuel sector, and general economic downturns that impacted consumer purchasing behavior. These factors collectively resulted in one of the steepest price drops in recent months, reflecting the broader challenges faced by the vegetable oil market in the region.

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 the soybean oil prices.

Global Soybean Oil Price Trend

The report offers a holistic view of the global soybean oil pricing trends in the form of soybean oil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of soybean oil, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed soybean oil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Soybean Oil Price Trend

Q2 2025:

European soybean oil prices moved on a slightly upward path overall, but the movement was uneven and shaped by conflicting forces. As the quarter progressed, however, fresh harvest projections in Ukraine pointed to record soybean output, which encouraged processors to increase crushing activity and expand oil availability. The sudden growth in supply created a drag on prices, particularly in June, when seasonal slowdowns in domestic consumption and reduced margins in the biofuel blending sector coincided with falling global crude oil prices. This combination softened demand and triggered a modest correction, despite the earlier quarter gains. On the production side, costs were influenced by shifting processing capacity away from sunflower seeds toward soybeans, a move that required new investments and brought higher operating expenses. Inflationary pressures on utilities and labor further weighed on production economics, limiting the ability of suppliers to fully capitalize on periods of stronger demand.

Q1 2025:

As per the soybean oil price index, a complex combination of factors influencing supply and demand defined the market. Even though supply was expected to beat demand in some months, high input costs and unstable geopolitical conditions drove production and export costs. Price pressures were also being maintained by biodiesel mandates and stronger usage in significant importing regions. Throughout the quarter, these elements worked together to provide a cautious yet firm market sentiment with expectations of further price support.

Q4 2024:

Although supply flow was restricted by logistical difficulties and geopolitical uncertainties, prices were still high by November due to consistent export demand. However, a turning point was reached in December when prices dropped as a result of restricted domestic consumption, increasing production volumes, and larger stock levels. Price pressure was increased by growing competition from sunflower oil, and purchasing sentiment was tempered by the euro's and the hryvnia's decline versus the US dollar. The market trend was further exacerbated by seasonal slowdowns, weaker consumer spending, and less industrial activity over the holiday season.

Q2 2024:

The market witnessed a consistent rise in prices over Q2 2024 in Europe, propelled by a decrease in regional stock levels and sustained demand from various industrial sectors. Additional pressures came from the Euro's depreciation and competitive pricing following other manufacturers like Latin America. Moreover, weather-related delays in other regions also tightened global supplies, enhancing pricing pressures. Furthermore, locally, ongoing strong purchasing patterns and higher transport costs fostered an optimistic market outlook despite challenges from geopolitical tensions affecting regional stability and trade flows.

Q1 2024:

The Q1 2024 market had a mixed quarter in Europe, particularly Ukraine. Prices initially dropped considerably, affected by the international downturn in soybean oil trading. Moreover, Ukrainian producers responded by curtailing exports to the EU and adjusting prices to stay competitive. The market faced further challenges from reduced demand within the biofuel sector and a weakening local currency, making imports pricier. Nevertheless, by the late quarter, the situation reversed with a surge in domestic requirements and easing border tensions, which helped revive prices. Increased demand from the biofuel and feed industries toward March end supported this positive shift, improving the market outlook.

Q4 2023:

In Europe, soybean oil prices consistently decreased throughout the fourth quarter of 2023, primarily due to reduced biofuel sector demand. Other factors contributing to this trend included geopolitical conflicts affecting soybean harvests and the availability of other vegetable oils, which increased competition. The market adjustments were also reflected in price movements within the Netherlands, where excess domestic inventory led to significant price reductions. The impact of decreased output and employment cuts across the sector further influenced market conditions, leading to a continued decline in soybean oil prices as the quarter concluded.

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

North America Soybean Oil Price Trend

Q2 2025:

As per the soybean oil price index, prices advanced steadily with momentum supported by firm demand and tightening supply. Export interest was strong, particularly from Asia, which helped offset domestic supply constraints and kept trade flows vibrant. At the same time, the US maintained a competitive edge in the global market, with subdued soybean availability elsewhere and favorable pricing differentials allowing American volumes to capture greater market share abroad. Policy played a decisive role in shaping sentiment during the quarter. The Environmental Protection Agency’s proposal to raise biofuel blending mandates fueled optimism in the energy-linked vegetable oil complex. This policy backdrop encouraged speculative buying and a notable buildup of net long positions in soybean oil futures, reinforcing the bullish trajectory. The outlook for biodiesel blending remained a major factor underpinning prices, with refiners and blenders boosting procurement to align with anticipated compliance requirements.

Q1 2025:

Tightening supply dynamics were affecting the market as soybean production was hampered by lower yields and smaller planting areas. Demand was nevertheless strong in spite of these obstacles due to the growing biodiesel sector usage and ongoing import requirements from sizable foreign consumers. Besides, the market attitude was cautious at first as inventory levels were lowered, but when supply concerns increased and export competitiveness recovered due to the declining US currency, the outlook became more positive.

Q4 2024:

In the fourth quarter of 2024, the market in North America followed a different pattern, first experiencing an increase and then a decline. Price increases during the first phase were caused by limited supply and strong demand, especially from the renewable diesel industry. The growing use of renewable feedstocks and government incentives encouraging the development of biofuels further restricted supply. Lower yields from unfavorable weather conditions in important growing regions, especially the Midwest, increased supply-side pressure.

Q2 2024:

There have been notable shifts in the market, especially evident during the 2024 second quarter. These changes reflect broader trends in major production areas, particularly in Latin America. The period saw significant fluctuations in prices, driven by a mix of supply constraints and increasing regional demand. Additionally, early in April, prices surged owing to low stock levels and increased local demand. Supply challenges persisted, with manufacturers striving to meet demand despite rising costs related to raw material shortages, notably feed soybeans.

Q1 2024:

The first quarter of 2024 in North America saw soybean oil prices experiencing considerable fluctuations. Additionally, the year began with an uptick in costs due to heightened regional demand combined with robust inventories that managed to meet this rising need. Prices initially aligned with global trends where key exporting nations saw similar increases, keeping the market competitive in January. This was further bolstered by ongoing demand from the food industry and other sectors. However, a sharp decline in prices marked the onset of February. This drop was largely influenced by strong global production forecasts and ample supply of other vegetable oils, which drove prices down. Furthermore, toward the end of quarter, prices mirrored recoveries in other markets, particularly Brazil, buoyed by reduced shipping costs and a stronger dollar, which made U.S. exports more appealing to buyers.

Q4 2023:

In Q4 2023, North America witnessed a decline in soybean oil prices due to an abundant supply and a dip in local demand, particularly from the biofuel industry. These trends were closely aligned with European market movements, where similar conditions prevailed. The considerable availability of soybean stock from September to November, which is the peak harvesting season, especially with Ukraine's substantial increase in the supply of soybean, played a crucial role in the price reductions. Additionally, a drop in the food price index exacerbated the downward pricing trend, influenced by low purchasing levels of key oils like palm and soybean. As the year closed, prices continued to wane, reflecting these compounded factors.

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

Middle East and Africa Soybean Oil Price Trend

Q1 2025:

The report explores the soybean oil trends and 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 soybean oil prices for countries can also be provided.

Asia Pacific Soybean Oil Price Trend

Q2 2025:

Soybean oil prices in Asia Pacific tracked a steady downward path as oversupply continued to overshadow demand. The surge in crushing activity within China created a glut of soybean oil, which quickly outpaced regional consumption. With international buyers being hesitant, and many turning toward cheaper alternatives like palm oil, export prices came under pressure. The competitive global environment forced Chinese processors to prioritize moving large volumes rather than securing favorable margins, deepening the softness in regional pricing. The cost side of production did not provide any meaningful support. Refinery throughput also faced interruptions from logistical delays, further complicating attempts to stabilize margins.

Q1 2025:

A mix of strong demand and tightened supply influenced the market. Regional procurement efforts were heightened by trade disputes and changed sourcing tactics, which were made worse by the dearth of alternative oils and shipment delays from major suppliers. Rising production costs and inflationary pressures continued to limit supply, while downstream industries maintained robust demand, especially in the markets for food and biodiesel. As the quarter progressed, careful inventory restocking and hoarding tactics helped to maintain the market's generally positive outlook.

Q4 2024:

Due to a combination of internal and external factors, the Chinese soybean oil market saw considerable volatility during the latter quarter of 2024. As favorable soybean crushing margins increased production and strengthened supply availability, export prices increased in October. At the same time, a strong demand for vegetable oils around the world, made worse by a shortage of palm oil and dwindling projections for soybean production in the main exporting countries, led to price increases. Prices rose as a result of foreign customers securing goods due to uncertainty around future supply availability. As exportable volumes were constrained by domestic demand from the food and biodiesel sectors, November saw additional price assistance.

Q2 2024:

Soybean oil prices in the Asia Pacific region, particularly in China, demonstrated a marked increase before tapering off toward the end of the second quarter of 2024. Influential factors included logistical disturbances due to the adversative climate in key agricultural zones, escalating production costs from higher prices for inputs such as labor and fertilizer, and growing requirements from industries like food and biofuel. These pressures, combined with surging global freight rates, pushed prices upward. In China, tight supplies paired with robust requirements from end users led to pronounced price volatility throughout the quarter.

Q1 2024:

During Q1 2024 period, the Asia Pacific soybean oil market navigated through a complex pricing landscape. Post-Lunar New Year, the demand in China dipped, pressuring prices downward amid a glut of domestic supplies and increased competition from other vegetable oils. Traders were hesitant to set new prices amid these challenging conditions, reflecting an observant stance due to fluctuating demand and supply dynamics and economic uncertainties, including currency devaluation. Despite these challenges, the market saw a rebound in March, spurred by increased biodiesel usage and a favorable currency exchange scenario, which encouraged more imports and helped prices recover toward the end of the quarter.

Q4 2023:

The Asia Pacific region experienced volatility in soybean oil pricing during Q4 2023. The market began with a decline, saw a mid-quarter rebound, and ended with a decrease in December. Factors affecting the market included diminished demand from the animal feed and biodiesel sectors and geopolitical concerns impacting supply chains. As November approached, a significant price recovery occurred, particularly in China, driven by robust downstream demand and speculative trading. However, this was short-lived as prices fell once again in December, influenced by global supply chain challenges and variable demand from major importers like China, reflecting the dynamic nature of the region's soybean oil market.

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

Latin America Soybean Oil Price Trend

Q2 2025:

As per the soybean oil price index, prices in Latin America reflected a tug-of-war between shifting supply dynamics, government policy actions, and changing global demand conditions. Early in the quarter, prices held firm as limited harvest volumes and restrained crushing activity created a sense of tightness. By June, the market reversed course. Argentina emerged as the central driver of the rebound, with producers ramping up output in response to favorable margins and upcoming increases in export duties. This spurred a rush of shipments, creating both momentum and urgency in the market. The near-full utilization of processing capacity allowed Argentina to push record volumes into global channels, aided by improved logistics that cleared earlier bottlenecks. Export-driven incentives reshaped the regional price environment, pulling soybean oil higher despite broader global volatility.

Q1 2025:

As per the soybean oil price index, the market was supported by robust demand, especially from the food and biodiesel industries. However, the region's supply was limited by unfavorable weather and growing production expenses, which caused export prices to rise. Besides, the depreciation of local currencies in key producing nations also increased the cost of domestic production. Traders' cautious stockholding tactics helped to maintain a generally favorable market attitude as the quarter went on.

Q4 2024:

The fourth quarter of 2024 saw a mainly bearish phase for the Latin America soybean oil market, with a slight price recovery near the close of the year. An oversupply situation made possible by great weather and increased soybean planting led to a notable price decline in October. Prices were further driven down by a decline in global demand, and trade volumes were decreased as a result of economic challenges in important importing countries. Demand for soybean oil was displaced by the desire for less expensive substitutes like palm oil. Furthermore, while the Brazilian real's devaluation increased export competitiveness, it was unable to counteract the general drop in prices.

Q2 2024:

During Q2 2024, soybean oil prices in Latin America, especially Argentina, saw significant increases due to a combination of adverse weather, trade conflicts, and tight feedstock supplies. Harvest delays compounded by erratic weather affected crop yields and market dynamics. Argentina, alongside Brazil, faced intense global competition, influencing price trends. The enduring demand, especially from the biofuel sector, supported higher prices, with the region experiencing sustained upward pressure on soybean oil values due to these compounded factors.

Q1 2024:

The quarter was characterized by price volatility for soybean oil in Brazil Q1 2024. Additionally, prices increased in the middle of the quarter, despite a weak start to the year brought on by manufacturing delays and a decline in demand following the Lunar New Year. This resulted from a postponed planting season brought on by unfavorable weather, which threw off the agricultural calendar and caused shortages in supply. Price increases were also necessary to offset rising production costs due to rising global inflation. As a result, by the closing of the quarter, the dynamics of the market were significantly affected by the strong local requirements for biodiesel production and the reluctant selling practices that followed in anticipation of price spikes, even if commercial activity at ports had slowed.

Q4 2023:

The market in Latin America demonstrated notable fluctuations through the fourth quarter of 2023, particularly in Brazil where the market responded to varied influences. October saw a decline due to reduced global and domestic demand, which was briefly corrected in November amid renewed interest from the Asia Pacific region. However, December witnessed another downturn as supply levels remained high. The Brazilian real's appreciation and ongoing trade disruptions, especially from China, also affected the pricing landscape. The market's performance was indicative of the broader economic and environmental factors at play in Latin America's agricultural sector.

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

Soybean Oil Price Trend, Market Analysis, and News

IMARC's latest publication, “Soybean Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the soybean oil market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of soybean oil at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed soybean oil prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting 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.

Soybean Oil Industry Analysis

The global soybean oil industry size reached 62.3 Million Tons in 2024​. By 2033​, IMARC Group expects the market to reach 72.3 Million Tons, at a projected CAGR of 1.70% during 2025-2033.

• Consumers' growing concerns regarding obesity and heart disease have led to a move toward healthier cooking oils like soybean oil, thereby aiding in market expansion. According to the report from the World Health Organization (WHO), in 2022, 1 in every eight people worldwide was living with obesity.
• Concurrently, the exponentially surging global population is directly linked to the mounting demand for food products like cooking oils, thereby boosting the use of soybean oil.
• Besides this, inflating disposable incomes has given consumers more purchasing power and enabled them to opt for healthier options like soybean oil, thus aiding in market expansion.
• Moreover, as per Our World in Data, almost 4 billion people, i.e., half of the global population, live in cities. This is especially evident in high-income regions like Western Europe, America, Australia, Japan, and the Middle East, where more than 80% of the population lives in cities. This rapid urbanization has led to a shift in eating habits, with a larger percentage of the population leaning toward soybean oil.
• In research by the Plant-Based Foods Association (PBFA), it was revealed that 70% of the total US population consumes plant-based foods. This changing consumers' disposition toward plant-based diets and sustainable food choices is fueling the demand for soybean oil, which offers more ecologically viable production in comparison to animal-derived fats. In confluence with this, plant-based foods saw 60% household penetration in 2022 with an 80% repeat purchase rate across all categories, creating a promising outlook for market expansion.
• The extensive usage of soybean oil in an array of industrial applications like biodiesel production, lubricants, paints, and coatings is acting as another significant growth-inducing factor.
• In line with this, supportive government initiatives, subsidies along with mandates aimed at encouraging the use of biofuels are bolstering the demand for soybean oil as a feedstock for biodiesel. For instance, the Biomass Crop Assistance Program (BCAP) offers economic incentives to landowners, stating that whoever plants, produces, and distributes biomass feedstock crops for advanced biofuel production. Besides this, it also allows feedstock producers a 50% reimbursement on their money used to establish a biomass feedstock crop, as well as yearly payments for up to 5 to 15 years each for herbaceous and woody feedstocks.
• Furthermore, continuous technological improvements, advancements, and innovations in agricultural practices, like genetically modified seeds and precision farming techniques that help enhance soybean yields and quality, are presenting lucrative opportunities for market expansion.

Soybean Oil News

The report covers the latest developments, updates, and trends impacting the global soybean oil industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in soybean oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the soybean oil price trend.

Latest developments in the soybean oil industry:

• In March 2024, Bunge and Chevron collaborated to form Bunge Chevron Ag Renewables LLC to build a new oilseed processing plant near its current processing facility located on the Gulf Coast in Destrehan, LA. The plant will feature a flexible design that will allow it to process both soybeans as well as soft seeds, including novel winter oilseed crops, like winter canola and CoverCress, among many others.
• In November 2023, Cargill announced the expansion and modernization of its integrated soybean crush and refined oils facility in Sidney, Ohio. The upgraded facility went online in September, allowing Cargill to serve farmers better and fulfil the growing demand for soy products across food, feed, and renewable fuel end-user sectors.
• In October 2023, Louis Dreyfus Company (LDC) announced the construction of a soybean processing plant in Upper Sandusky, Ohio, in the US. This processing complex can be featured with integrated crushing, vegetable oil refining, and lecithin manufacturing and packaging capabilities.

Product Description

Soybean oil refers to a kind of vegetable oil acquired from the seeds of soybeans, one of the most regularly cultivated legumes worldwide. This oil is extracted by crushing or pressing soybean seeds and put through vigorous refining processes to remove harmful impurities and improve its quality.

Soybean oil’s neutral flavor and odor, ease of mixing, and prospective health benefits make it an important ingredient employed in cooking and food production processes. It is regularly used for frying, baking, sautéing, and making salad dressings owing to its high smoke point.

Along with this, this oil’s neutral taste helps it to mix well with an array of edible ingredients, making it a broadly popular choice in commercial as well as home kitchens. Soybean offers excellent content of polyunsaturated fats, especially omega-6 fatty acids alongside vitamin E, an antioxidant known for many health benefits.

In addition to its culinary uses, it serves as the foundation for biodiesel production, giving a green and renewable alternative to fossil fuels. Additionally, it is included in formulations used in the production of cosmetics, medications, and as an ingredient in animal feed.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of soybean oil price index, 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 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 soybean oil price chart ensure our clients remain at the forefront of the industry.