What is the price of soya beans per kilogram/pound in Ghana today?
The retail price range for Ghana soya beans is between US$ 0.99 and US$ 2.97 per kilogram or between US$ 0.45 and US$ 1.35 per pound(lb). Click here to see today's exact prices of soya beans in Ghana
The retail price range in Ghana Cedi for soya beans is between GHS 10.63 and GHS 31.90 per kilogram or between GHS 4.82 and GHS 14.47 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana soya beans is between US$ 0.69 and US$ 2.08 per kilogram or between US$ 0.31 and US$ 0.94 per pound(lb).
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Ghana Soya Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soya Beans from Ghana over the last five years has been quite varied. In 2017, the price was 0.34 US $ per kg, followed by 0.43 US $ per kg in 2018. In 2019, the price rose to 0.89 US $ per kg, before dropping to 0.00 US $ per kg in 2020 and 2021. Looking ahead, we can predict that the export price per kilogram of Soya Beans from Ghana in 2023 will be around 0.50 US $ per kg, and in 2024 it will be around 0.60 US $ per kg.The soya beans exports from Ghana are categorised as:
- Soya beans, whether or not broken (HS code 120100)
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
Ghana Soya Beans Import Prices - Historical, Trends and Prediction
The import price of Soya Beans into Ghana over the last five years has been quite volatile. In 2016, the price was 0.55 US$ per kg, which was the highest in the last five years. This was followed by a sharp decline in 2017 to 0.34 US$ per kg. In 2018, the price increased to 0.43 US$ per kg and then further increased to 0.89 US$ per kg in 2019. However, in 2020 and 2021, the import price of Soya Beans into Ghana was 0.00 US$ per kg. Based on the trend of the last five years, it is predicted that the import price of Soya Beans into Ghana in 2023 will be 0.50 US$ per kg and in 2024 will be 0.60 US$ per kg.Export values for Ghana soya beans
The total values in export for soya beans in Ghana were US$ 9,598, US$ 1,622, US$ 2,581 and US$ 10,857 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 Ghana: 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.
Ghana soya beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana exported 12,265 tonnes of soya beans. For 2019 alone, the demand for Ghana soya beans (cereals/grains category) has surged, flactuating by 106.204 pc compared to the year 2018. Between 2017 and 2019, soya beans' exports grew by 159.63% earning the exporter US$10.86m for the year 2019. Ghana's soya beans exports are categorised as:
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (HS code 120100)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
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Ghana soya beans export values
In 2019, Ghana shipped soya beans worth 10.86m USD, an improvement of 320.77% from 2018's total soya beans export of 2.581m USD. The annual growth in value of Ghana soya beans between 2017 to 2018 was 59.125%.
The annual/yearly variation in the amount of Ghana's soya beans exports between 2017 and 2019 was 159.63% compared to a variation of 106.204% in the period between 2018 and 2019.
Export markets for Ghana soya beans ( in '000$ )
Ghana's leading export markets for soya beans are Turkey, India, United Arab Emirates (UAE), Burkina Faso and Mali.
Ghana purchased 345 tonnes of soya beans in 2019.
Production
The production of soya beans in Ghana was 500,538 tonnes in 2019 and is estimated to change by an average of -15.02%. The country had an estimated 297,810.00 hectares under soya beans cultivation.