What is the price of cottonseed oil per kilogram/pound in Benin today?
The retail price range for Benin cottonseed oil is between US$ 0.97 and US$ 0.97 per kilogram or between US$ 0.44 and US$ 0.44 per pound(lb). Click here to see today's exact prices of cottonseed oil in Benin
The retail price range in CFA Franc BCEAO for cottonseed oil is between XOF 591.65 and XOF 591.65 per kilogram or between XOF 268.32 and XOF 268.32 per pound(lb) in Porto-Novo and Cotonou.
Wholesale prices
In 2024, the approximate wholesale price range for Benin cottonseed oil is between US$ 0.68 and US$ 0.68 per kilogram or between US$ 0.31 and US$ 0.31 per pound(lb).
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Benin Cottonseed Oil Export Prices - Historical, Trends and Prediction
The export price of cottonseed oil from Benin has seen a steady increase over the past five years. In 2018, the price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.55, and in 2021 it further increased to $0.60. The most recent data shows that the export price per kilogram of cottonseed oil from Benin was $0.65 in 2022. This represents a steady increase of $0.20 over the past five years. Based on this trend, it is likely that the export price per kilogram of cottonseed oil from Benin will be around $0.70 in 2023 and $0.75 in 2024.The Benin cottonseed oil exports are classified as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Crude cotton-seed oil (HS code 151221)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
Benin Cottonseed Oil Import Prices - Historical, Trends and Prediction
The import price of cottonseed oil into Benin has seen a steady increase over the past five years. In 2018, the import price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.60, and in 2021 it further increased to $0.70. The most recent data shows that the import price per kilogram of cottonseed oil into Benin was $0.80 in 2022. This represents an overall increase of 77.78% in the import price of cottonseed oil into Benin over the past five years. Based on this trend, it is likely that the import price of cottonseed oil into Benin will continue to increase in the coming years, with an estimated price of $0.90 in 2023 and $1.00 in 2024.Export values for Benin cottonseed oil
The total values in export for cottonseed oil in Benin were US$ 4,616, US$ 24,061, US$ 23,618 and US$ 17,174 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Benin: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cottonseed oil in other countries across Africa: Algeria cottonseed oil, Angola cottonseed oil, Botswana cottonseed oil, Burundi cottonseed oil, Cameroon cottonseed oil, Cape Verde cottonseed oil, Central African Republic cottonseed oil, Comoros cottonseed oil, DRC Congo cottonseed oil & Benin cottonseed oil.
Benin cottonseed oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Benin exported 20,260 tonnes of cottonseed oil. Through 2019 alone, the interest in Benin cottonseed oil (processed category) has reduced, recording a change of -8.454 % compared to the year 2018. Between 2017 and 2019, cottonseed oil's exports went down by -11.81 percent bringing Benin US$17.17m for the year 2019. Benin's cottonseed oil exports are categorised as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Crude cotton-seed oil (HS code 151221)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
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Benin cottonseed oil export values
In 2019, Benin shipped cottonseed oil costing 17.17m USD, a decrease of -27.30% from 2018's total cottonseed oil export of 23.618m USD. The annual reduction in value of Benin cottonseed oil between 2017 to 2018 was -1.841 pc.
The yearly variation in the volume of Benin's cottonseed oil exports between 2017 and 2019 was -11.81% in comparison to a variation of -8.454% in the period between 2018 and 2019.
Export markets for Benin cottonseed oil ( in '000$ )
Benin's top destinations for cottonseed oil are Nigeria, India, Togo, Niger and Iraq.
Benin purchased 157 tonnes of cottonseed oil in 2019.