What is the price of soyabean oil per kilogram/pound in Dominican Republic today?
The retail price range for Dominican Republic soyabean oil is between US$ 0.71 and US$ 1.19 per kilogram or between US$ 0.32 and US$ 0.54 per pound(lb). Click here to see today's exact prices of soyabean oil in Dominican Republic
The retail price range in Dominican peso for soyabean oil is between DOP 38.97 and DOP 64.95 per kilogram or between DOP 17.67 and DOP 29.46 per pound(lb) in Santo Domingo and Santiago de los Caballeros.
Wholesale prices
In 2024, the approximate wholesale price range for Dominican Republic soyabean oil is between US$ 0.50 and US$ 0.83 per kilogram or between US$ 0.23 and US$ 0.38 per pound(lb).
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Dominican Republic Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Dominican Republic over the last five years has seen a steady increase. In 2017, the price was 0.90 US $ per kg, which rose to 1.08 US $ per kg in 2018. In 2019, the price was 1.01 US $ per kg, and in 2020, it increased to 1.35 US $ per kg. The highest price was recorded in 2021, at 1.85 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of Soyabean oil from Dominican Republic in 2023 will be around 2.25 US $ per kg, and in 2024, it will be around 2.70 US $ per kg.Dominican Republic Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Dominican Republic over the last five years has been quite volatile. In 2017, the price was 0.90 US$ per kg, which was a slight increase from the previous year. In 2018, the price rose to 1.08 US$ per kg, before dropping to 1.01 US$ per kg in 2019. However, in 2020, the price rose again to 1.35 US$ per kg, and then further increased to 1.85 US$ per kg in 2021. Based on the current trend, it is expected that the import price per kilogram of Soyabean oil into Dominican Republic will continue to increase in the coming years. It is predicted that the price will reach 2.00 US$ per kg in 2023 and 2.20 US$ per kg in 2024.Export values for Dominican Republic soyabean oil
The total values in export for soyabean oil in the Dominican Republic were US$ 6,510, US$ 7,817, US$ 7,319 and US$ 13,381 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Dominican Republic: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across Caribbean: Aruba soyabean oil, Bahamas soyabean oil, Barbados soyabean oil, Cuba soyabean oil, Dominican Republic soyabean oil, Grenada soyabean oil, Guadeloupe soyabean oil, Haiti soyabean oil, Jamaica soyabean oil & Martinique soyabean oil.
Dominican Republic soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Dominican Republic sold 13,199 tonnes of soyabean oil. Through 2019 alone, the demand for the Dominican Republic soyabean oil (processed category) has surged, changing by 95.338 pc compared to the year 2018. Between 2017 and 2019, soyabean oil's exports increased by 52.15 pc netting the exporter US$13.38m for the year 2019. the Dominican Republic's soyabean oil exports are classified as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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Dominican Republic soyabean oil export values
In 2019, the Dominican Republic supplied soyabean oil costing 13.38m USD, a surge of 82.81% from 2018's total soyabean oil export of 7.319m USD. The yearly increase in value of the Dominican Republic soyabean oil between 2017 to 2018 was -6.371 percent.
The yearly change in the amount of the Dominican Republic's soyabean oil exports between 2017 and 2019 was 52.15% when compared to a variation of 95.338% in the growth rate between 2018 and 2019.
Export markets for Dominican Republic soyabean oil ( in '000$ )
the Dominican Republic ordered 178,638 tonnes of soyabean oil in 2019.