What is the price of oil cake (press cake) per kilogram/pound in Benin today?
The retail price range for Benin oil cake (press cake) is between US$ 2.96 and US$ 6.92 per kilogram or between US$ 1.34 and US$ 3.14 per pound(lb). Click here to see today's exact prices of oil cake (press cake) in Benin
The retail price range in CFA Franc BCEAO for oil cake (press cake) is between XOF 1,807.50 and XOF 4,217.50 per kilogram or between XOF 819.73 and XOF 1,912.70 per pound(lb) in Porto-Novo and Cotonou.
Wholesale prices
In 2024, the approximate wholesale price range for Benin oil cake (press cake) is between US$ 2.08 and US$ 4.84 per kilogram or between US$ 0.94 and US$ 2.20 per pound(lb).
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Benin Oil Cake (press Cake) Export Prices - Historical, Trends and Prediction
The export price of Oil cake (Press cake) from Benin has seen a steady increase over the past five years. In 2018, the export 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 latest data from 2022 shows that the export price per kilogram has reached $0.65. This represents a steady increase of 44% over the past five years. Based on this trend, it is likely that the export price per kilogram of Oil cake (Press cake) from Benin will continue to increase in the coming years, with an estimated price of $0.70 in 2023 and $0.75 in 2024.Benin Oil Cake (press Cake) Import Prices - Historical, Trends and Prediction
The import price of Oil cake (Press cake) 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 per kilogram, and in 2021 it further increased to $0.70. The most recent data shows that the import price per kilogram of Oil cake (Press cake) into Benin was $0.80 in 2022. This data suggests that the import price of Oil cake (Press cake) into Benin is on an upward trend. Based on this trend, it is likely that the import price per kilogram of Oil cake (Press cake) into Benin will continue to increase in the coming years. It is estimated that the import price per kilogram of Oil cake (Press cake) into Benin will be around $0.90 in 2023 and $1.00 in 2024.Export values for Benin oil cake (press cake)
The total values in export for oil cake (press cake) in Benin were US$ 6,920, US$ 8,243, US$ 13,435 and US$ 13,728 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 oil cake (press cake) in other countries across Africa: Algeria oil cake (press cake), Angola oil cake (press cake), Botswana oil cake (press cake), Burundi oil cake (press cake), Cameroon oil cake (press cake), Cape Verde oil cake (press cake), Central African Republic oil cake (press cake), Comoros oil cake (press cake), DRC Congo oil cake (press cake) & Benin oil cake (press cake).
Benin oil cake (press cake) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Benin sold 108,159 tonnes of oil cake (press cake). Through 2019 alone, the demand for Benin oil cake (press cake) (processed category) has climbed, flactuating by 19.349 per cent compared to the year 2018. Between 2017 and 2019, oil cake (press cake)'s exports grew by 148.34 percent netting the country US$13.73m for the year 2019. Benin's oil cake (press cake) exports are classified as:
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil (HS code 230400)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of cotton seeds (HS code 230610)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of palm nuts or kernels (HS code 230660)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of sunflower seeds (HS code 230630)
- Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable fats or oils from maize "corn" germ (HS code 230670)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of groundnut oil (HS code 230500)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of linseed (HS code 230620)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable fats or oils (excluding of cotton seeds, linseed, sunflower seeds, rape or colza seeds, coconut or copra, palm nuts or kernels, or from the extraction of soya-bean oil or groundnut oil) (HS code 230690)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of coconut or copra (HS code 230650)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of high erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g" (HS code 230649)
- Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of rape or colza seeds (HS code 230640)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 230641)
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Benin oil cake (press cake) export values
In 2019, Benin exported oil cake (press cake) valued at 13.73m USD, an improvement of 2.20% from 2018's total oil cake (press cake) export of 13.435m USD. The yearly increase in value of Benin oil cake (press cake) between 2017 to 2018 was 62.987%.
The annual change in the volume of Benin's oil cake (press cake) exports between 2017 and 2019 was 148.34% in comparison to a variation of 19.349% in the period between 2018 and 2019.
Export markets for Benin oil cake (press cake) ( in '000$ )
Benin brought in 1,698 tonnes of oil cake (press cake) in 2019.