This statistic depicts the average annual prices for soybean oil from 2014 through 2026*. In 2023, the average price for soybean oil stood at 1,119 nominal U.S. dollars per metric ton.

Get the latest insights on price movement and trend analysis of Crude Soybean Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Graph and download economic data for Global price of Soybeans Oil (PSOILUSDM) from Jan 1990 to Apr 2025 about beans, oil, World, food, and price.

Soybeans fell to 1,055.75 USd/Bu on June 9, 2025, down 0.14% from the previous day. Over the past month, Soybeans's price has fallen 1.45%, and is down 11.15% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans - values, historical data, forecasts and news - updated on June of 2025.

This statistic depicts the average monthly prices for soybean oil worldwide from January 2014 through January 2025. In January 2025, the average monthly price for soybean oil worldwide stood at 1,060.93 nominal U.S. dollars per metric ton.

Graph and download economic data for Global price of Soybeans Oil (PSOILUSDQ) from Q1 1990 to Q1 2025 about beans, oil, World, food, and price.

Explore the factors influencing soybean oil prices in 2023, including supply-demand dynamics, geopolitical events, and biofuel policies. Understand how trade policies, crude oil prices, and technological advancements affect this essential commodity's cost.

Get the latest insights on price movement and trend analysis of RBD Soybean Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The price of US soybean oil is influenced by various factors including supply and demand dynamics, weather conditions, government policies, and global market trends. Understanding these factors and regularly monitoring market developments is crucial for stakeholders in the soybean oil industry.

Get the latest insights on price movement and trend analysis of Refined Soybean Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The North American Soybean Oil market began the fourth quarter with a notable upward trend but ended the period on a more negative note. This shift was influenced by various factors, including global demand-supply fluctuations, which kept overall prices on the decline. From October to November 2024, prices saw upward pressure driven by supply constraints and strong demand, particularly from the renewable diesel sector.

Soybean Oil Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

Explore the factors influencing daily soybean oil price fluctuations, from market demand to geopolitical events, and understand the impact on global commodity exchanges and the agriculture-food sector.

The global soybean oil market, valued at $93.17 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 10.84% from 2025 to 2033. This expansion is fueled by several key factors. The increasing demand for soybean oil in the food and beverage industry, particularly in applications like spreads, bakery products, and confectionery, is a major contributor. The growing global population and rising disposable incomes in developing economies are further boosting consumption. Simultaneously, the expanding animal feed sector, relying heavily on soybean meal and oil as key components, significantly contributes to market growth. Furthermore, industrial applications of soybean oil, including biodiesel production and use in various manufacturing processes, are experiencing a notable uptick, adding to the market's overall expansion. Competition among major players like Archer Daniels Midland Company, Cargill Incorporated, and Wilmar International Ltd. is expected to remain intense, driving innovation and efficiency gains within the industry. Geographical distribution reveals a diverse market landscape. North America, encompassing the United States, Canada, and Mexico, is expected to maintain a substantial market share due to established agricultural practices and high domestic consumption. However, the Asia-Pacific region, particularly China and India, is projected to demonstrate the fastest growth rate, driven by increasing populations and changing dietary habits. Europe and South America will also contribute significantly, with growth influenced by regional economic conditions and consumption patterns. The forecast period (2025-2033) anticipates a continued upward trajectory, with the market size exceeding $250 billion by 2033, based on the projected CAGR. Factors like fluctuating commodity prices and potential disruptions to global supply chains could influence the market trajectory, but overall, the outlook for soybean oil remains positive. Notable trends are: Growing Usage of Soybean Oil in Biodiesel.

In 2024, the Brazilian soybean oil market decreased by -5.1% to $8B, falling for the third consecutive year after three years of growth. Over the period under review, consumption continues to indicate tangible growth. As a result, consumption reached the peak level of $11.5B. From 2022 to 2024, the growth of the market remained at a lower figure.

The revenue of the soybean oil market in Central Asia amounted to $X in 2017, going down by -X% against the previous year. The soybean oil consumption continues to indicate a deep decrease. The pace of growth appeared the most rapid in 2013, when market value increased by X% year-to-year. The level of soybean oil consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.The soybean oil production amounted to X tons in 2017, declining by -X% against the previous year.

In 2024, the Indian crude soybean oil market decreased by -3.1% to $5.1B, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2024: its value increased at an average annual rate of +2.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

After two years of decline, the Nigerien crude soybean oil market increased by 14% to $50M in 2024. In general, the total consumption indicated a measured expansion from 2012 to 2024: its value increased at an average annual rate of +4.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -17.4% against 2019 indices.

The Tanzanian soybean oil market shrank sharply to $2.9M in 2024, which is down by -19.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt setback.

The Russian crude soybean oil market skyrocketed to $495M in 2024, rising by 35% against the previous year. In general, consumption continues to indicate a strong increase. Over the period under review, the market reached the peak level at $656M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.