What is the price of soyabean oil per kilogram/pound in Benin today?
The retail price range for Benin soyabean oil is between US$ 1.93 and US$ 5.80 per kilogram or between US$ 0.88 and US$ 2.63 per pound(lb). Click here to see today's exact prices of soyabean oil in Benin
The retail price range in CFA Franc BCEAO for soyabean oil is between XOF 1,178.05 and XOF 3,534.15 per kilogram or between XOF 534.26 and XOF 1,602.79 per pound(lb) in Porto-Novo and Cotonou.
Wholesale prices
In 2024, the approximate wholesale price range for Benin soyabean oil is between US$ 1.35 and US$ 4.06 per kilogram or between US$ 0.61 and US$ 1.84 per pound(lb).
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Benin Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price of Soyabean oil 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 per kilogram of Soyabean oil from Benin reached its highest point in 2022, at $0.65. Based on this trend, it is likely that the export price per kilogram of Soyabean oil from Benin will continue to increase in the coming years, reaching approximately $0.70 in 2023 and $0.75 in 2024.The Benin soyabean oil exports are classified as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
Benin Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price of Soyabean 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 per kilogram, and in 2021 it further increased to $0.70. The most recent data shows that the import price per kilogram of Soyabean oil into Benin was $0.80 in 2022. This steady increase in the import price of Soyabean oil into Benin over the past five years indicates that the trend is likely to continue in the coming years. Based on this trend, it is likely that the import price per kilogram of Soyabean oil into Benin will be around $0.90 in 2023 and $1.00 in 2024.Export values for Benin soyabean oil
The total values in export for soyabean oil in Benin were US$ 576, US$ 71 and US$ 15 in US dollar thousand for the years 2016, 2017 and 2018 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 soyabean oil in other countries across Africa: Algeria soyabean oil, Angola soyabean oil, Botswana soyabean oil, Burundi soyabean oil, Cameroon soyabean oil, Cape Verde soyabean oil, Central African Republic soyabean oil, Comoros soyabean oil, DRC Congo soyabean oil & Benin soyabean oil.
Benin soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Benin exported 0 tonnes of soyabean oil. In 2019 alone, the interest in Benin soyabean oil (processed category) has , recording a change of percent compared to the year 2018. Between 2017 and 2019, soyabean oil's exports decreased by -100 percent earning the nation US$0.00m for the year 2019. Benin's soyabean oil exports are categorised as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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Benin soyabean oil export values
In 2019, Benin supplied soyabean oil with a value of 0.00m USD, a reduction of -100.00% from 2018's total soyabean oil export of 0.015m USD. The annual change in value of Benin soyabean oil between 2017 to 2018 was -78.873 per cent.
The annual variation in the volume of Benin's soyabean oil exports between 2017 and 2019 was -100 percent between 2018 and 2019.
Export markets for Benin soyabean oil ( in '000$ )
Benin's leading destinations for soyabean oil are Senegal, Nigeria and Ivory Coast (Côte d'Ivoire
).
Benin procured 0 tonnes of soyabean oil in 2019.