What is the price of soyabean oil per kilogram/pound in India today?
The retail price range for India soyabean oil is between US$ 0.44 and US$ 0.59 per kilogram or between US$ 0.20 and US$ 0.27 per pound(lb). Click here to see today's exact prices of soyabean oil in India
The retail price range in Indian Rupee for soyabean oil is between INR 36.76 and INR 49.01 per kilogram or between INR 16.67 and INR 22.23 per pound(lb) in New Delhi and Mumbai.
Wholesale prices
In 2024, the approximate wholesale price range for India soyabean oil is between US$ 0.31 and US$ 0.41 per kilogram or between US$ 0.14 and US$ 0.19 per pound(lb).
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India Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from India over the last five years has seen a steady decline. In 2012, the price was 2.25 US dollars per kg, which dropped to 1.95 US dollars per kg in 2013. This trend continued in 2014, when the price fell to 1.66 US dollars per kg. In 2015, the price dropped further to 1.43 US dollars per kg, and in 2016, it reached its lowest point of 0.99 US dollars per kg. Since then, the price has been on the rise, reaching 1.25 US dollars per kg in 2017 and 2018, and 1.26 US dollars per kg in 2020. The most recent data shows that the price has increased to 1.81 US dollars per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Soyabean oil from India will be 1.86 US dollars per kg in 2023 and 1.91 US dollars per kg in 2024.The India 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)
India Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into India has seen a steady decline over the past five years. In 2016, the price was at its lowest at 0.99 US $ per kg, before increasing to 1.25 US $ per kg in 2017 and remaining at that level for the next three years. In 2021, the price rose to 1.81 US $ per kg. Based on this trend, it is likely that the import price per kilogram of Soyabean oil into India will continue to increase in the coming years. We can predict that the import price per kilogram of Soyabean oil into India in 2023 will be around 2.00 US $ per kg and in 2024 it will be around 2.25 US $ per kg.Export values for India soyabean oil
The total values in export for soyabean oil in India were US$ 1,395, US$ 2,521, US$ 9,325 and US$ 11,760 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in India: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across Asia: Kazakhstan soyabean oil, Kyrgyzstan soyabean oil, Tajikistan soyabean oil, Turkmenistan soyabean oil, Uzbekistan soyabean oil, China soyabean oil, Hong Kong soyabean oil, Macao soyabean oil, North Korea soyabean oil & Mongolia soyabean oil.
India soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 India exported 9,396 tonnes of soyabean oil. Through 2019 alone, the demand for India soyabean oil (processed category) has gone up, with a change of 25.481 per cent compared to the year 2018. Between 2017 and 2019, soyabean oil's exports grew by 366.77 pc earning India US$11.76m for the year 2019. India's soyabean oil exports are classified as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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India soyabean oil export values
In 2019, India supplied soyabean oil costing 11.76m USD, an increase of 26.11% from 2018's total soyabean oil export of 9.325m USD. The annual change in value of India soyabean oil between 2017 to 2018 was 269.893 per cent.
The per year change in the quantity of India's soyabean oil exports between 2017 and 2019 was 366.77 percent compared to a variation of 25.481% in the period between 2018 and 2019.
Export markets for India soyabean oil ( in '000$ )
India's leading destinations for soyabean oil are Bhutan, US, Canada, Australia and Ghana.
India imported 9,396 tonnes of soyabean oil in 2019.