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Soybean Oil exports peaked at 2.6M tons before declining the next year. In terms of value, exports fell significantly to $2.5B in 2023.
From July 2023 to October 2023, the import growth of Soybean Oil experienced a decline, reaching a value of $176M in October 2023.
Soybean Oil imports experienced a remarkable growth rate of 1,253% month-over-month in November 2022, reaching a value of $39M in September 2023.
During the period of June 2023 to July 2023, there was a slight decrease in the growth of imports. In terms of value, the imports of Soybean Oil fell modestly to $21M in July 2023.
This comprehensive guide provides valuable information and resources for starting a business in the Soybean Oil market in the United States. Learn about market data, official data sources, help from local authorities, and the IndexBox market intelligence platform.
The price of Soybean Oil, originating from Brazil and sold on a Free on Board basis, reached $976 per ton in June 2023. This marked a decrease of 3.8% compared to the previous month.
In January 2023, the soybean oil price amounted to $1,293 per ton (FOB, Turkey), remaining constant against the previous month.
In March 2023, the soybean oil price stood at $1,374 per ton (CIF, Hong Kong), waning by -2% against the previous month.
In January 2023, soybean oil prices dropped to $2,236 per ton (CIF, Qatar), down 3.2% compared to the previous month.
In September 2022, the soybean oil price stood at $1,472 per ton (CIF, India), falling by -7.7% against the previous month.
In August 2022, the soybean oil price per ton stood at $1.8K (FOB, US), rising by 6.6% against the previous month.
In July 2022, the soybean oil price per ton stood at $1,686, declining by -6.9% against the previous month.