We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.
The US soybean oil industry hits a record crush but battles declining demand amid tax credit changes, affecting renewable diesel producers and trade dynamics.
Explore the top countries importing refined soybean oil in 2024 and the factors driving their demand. Learn about Canada, the United States, Chile, and others.
In June 2024, the price of Refined Soybean Oil was $2,119 per ton (CIF, India), showing a decrease of -3.9% compared to the previous month.
Discover the steady growth of Refined Soybean Oil exports from 2019 to 2023, but with a notable decline in value to $41M in 2023.
Imports of Refined Soybean Oil reached a peak of 22K tons in 2015, but failed to regain momentum from 2016 to 2023. In terms of value, imports dramatically dropped to $34M in 2023.
During the period analyzed, imports of Refined Soybean Oil peaked at 163K tons in 2013 but remained at a slightly lower level from 2014 to 2023. In terms of value, the imports of Refined Soybean Oil significantly declined to $23M in 2023.
Refined Soybean Oil imports reached their peak in 2023 and are projected to see further growth in the future. The value of these imports surged to $3M in 2023.
Refined Soybean Oil exports reached a peak of 202K tons in 2022, before experiencing a modest decline the following year. In terms of value, exports of Refined Soybean Oil significantly decreased to $266M in 2023.
The pace of growth in the export of Refined Soybean Oil was the most pronounced in July 2023 with a significant 46% increase compared to the previous month. In terms of value, the exports of Refined Soybean Oil recorded a noteworthy expansion, reaching $13M in September 2023.
The price of Refined Soybean Oil in June 2023 was $1,236 per ton (FOB, Thailand), showing a decrease of 5.5% compared to the previous month.
In February 2023, the refined soybean oil price amounted to $1,733 per ton (FOB, Brazil), picking up by 6.7% against the previous month.
In December of 2022, the price of refined soybean oil went down to $1,729 per ton (FOB, Netherlands), marking a decrease of -4.8% compared to the previous month.
570