What is the price of soya beans per kilogram/pound in Benin today?
The retail price range for Benin soya beans is between US$ 0.98 and US$ 0.98 per kilogram or between US$ 0.44 and US$ 0.44 per pound(lb). Click here to see today's exact prices of soya beans in Benin
The retail price range in CFA Franc BCEAO for soya beans is between XOF 594.57 and XOF 594.57 per kilogram or between XOF 269.65 and XOF 269.65 per pound(lb) in Porto-Novo and Cotonou.
Wholesale prices
In 2024, the approximate wholesale price range for Benin soya beans 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 Soya Beans Export Prices - Historical, Trends and Prediction
The export price of Soya Beans 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 export price of Soya Beans from Benin reached its highest point in 2022, at $0.65 per kilogram. Looking ahead, it is likely that the export price of Soya Beans from Benin will continue to increase in the coming years, with an estimated price of $0.70 per kilogram in 2023 and $0.75 per kilogram in 2024.The Benin soya beans exports are categorised as:
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (HS code 120100)
Benin Soya Beans Import Prices - Historical, Trends and Prediction
The import price of Soya Beans into 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 $0.60, and in 2021 it further increased to $0.70. The most recent data shows that the import price of Soya Beans into Benin in 2022 was $0.80 per kilogram. This represents a 77.78% increase in the import price of Soya Beans into Benin over the past five years. Looking ahead, it is difficult to predict the import price of Soya Beans into Benin for 2023 and 2024. However, based on the trend of increasing prices over the past five years, it is likely that the import price of Soya Beans into Benin will continue to rise in the coming years.Export values for Benin soya beans
The total values in export for soya beans in Benin were US$ 3,168, US$ 6,575, US$ 4,953 and US$ 2,295 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in Benin: Wheat, Rye, Barley, Oats, Maize, Rice, Sorghum, Buckwheet, Millet & Canary seed.
See prices of soya beans in other countries across Africa: Algeria soya beans, Angola soya beans, Botswana soya beans, Burundi soya beans, Cameroon soya beans, Cape Verde soya beans, Central African Republic soya beans, Comoros soya beans, DRC Congo soya beans & Benin soya beans.
Benin soya beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Benin sold 7,564 tonnes of soya beans. Through 2019 alone, the market for Benin soya beans (cereals/grains category) has gone down, recording a change of -45.469 % compared to the year 2018. Between 2017 and 2019, soya beans' exports went down by -76.02% earning the nation US$2.30m for the year 2019. Benin's soya beans exports are categorised as:
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (HS code 120100)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
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Benin soya beans export values
In 2019, Benin shipped soya beans with a value of 2.30m USD, a decrease of -53.56% from 2018's total soya beans export of 4.953m USD. The annual change in value of Benin soya beans between 2017 to 2018 was -24.669 pc.
The per year variation in the amount of Benin's soya beans exports between 2017 and 2019 was -76.02% compared to a variation of -45.469% in the period between 2018 and 2019.
Export markets for Benin soya beans ( in '000$ )
Benin's best performing export markets for soya beans are India, China, Burkina Faso, Togo and South Africa.
Benin purchased 63 tonnes of soya beans in 2019.
Production
The production of soya beans in Benin was 690,000 tonnes in 2019 and is estimated to change by an average of 3.61%. The country had an estimated 630,000.00 hectares under soya beans cultivation.