What is the price of soya beans per kilogram/pound in Lao (Laos) today?
The retail price range for Lao (Laos) soya beans is between US$ 0.82 and US$ 2.28 per kilogram or between US$ 0.37 and US$ 1.03 per pound(lb). Click here to see today's exact prices of soya beans in Lao (Laos)
The retail price range in Lao kip for soya beans is between LAK 16,441.48 and LAK 45,500.84 per kilogram or between LAK 7,456.45 and LAK 20,635.30 per pound(lb) in Vientiane and Pakse (Pakxe).
Wholesale prices
In 2024, the approximate wholesale price range for Lao (Laos) soya beans is between US$ 0.58 and US$ 1.59 per kilogram or between US$ 0.26 and US$ 0.72 per pound(lb).
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Lao (Laos) Soya Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soya Beans from Lao (Laos) has seen a steady decline over the last five years. In 2017, the export price was 0.39 US $ per kg, which dropped to 0.29 US $ per kg in 2019. The price then increased to 0.37 US $ per kg in 2020, before dropping again to 0.29 US $ per kg in 2021. Based on this trend, it is predicted that the export price of Soya Beans from Lao (Laos) will be 0.26 US $ per kg in 2023 and 0.23 US $ per kg in 2024.Lao (Laos) Soya Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soya Beans into Lao (Laos) has seen a steady decline over the last five years. In 2012, the price was 0.60 US dollars per kg, and this decreased to 0.58 US dollars per kg in 2014. In 2015, the price dropped further to 0.53 US dollars per kg, and then to 0.40 US dollars per kg in 2016. The price then remained relatively stable at 0.39 US dollars per kg in 2017 and 0.44 US dollars per kg in 2018. However, in 2019, the price dropped to 0.29 US dollars per kg, and then increased slightly to 0.37 US dollars per kg in 2020. The price then dropped again to 0.29 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Soya Beans into Lao (Laos) will remain relatively stable at around 0.30 US dollars per kg in 2023 and 2024.Export values for Lao (Laos) soya beans
The total values in export for soya beans in Lao (Laos) were US$ 55, US$ 39, US$ 1,381 and US$ 1,550 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 Lao (Laos): Wheat, Rye, Barley, Oats, Maize, Rice, Sorghum, Buckwheet, Millet & Canary seed.
See prices of soya beans in other countries across Asia: Kazakhstan soya beans, Kyrgyzstan soya beans, Tajikistan soya beans, Turkmenistan soya beans, Uzbekistan soya beans, China soya beans, Hong Kong soya beans, Macao soya beans, North Korea soya beans & Mongolia soya beans.
Lao (Laos) soya beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Lao (Laos) sold 5,429 tonnes of soya beans. For 2019 alone, the market for Lao (Laos) soya beans (cereals/grains category) has climbed, changing by 74.286 per cent compared to the year 2018. Between 2017 and 2019, soya beans' exports went up by 5275.25 percent earning Lao (Laos) US$1.55m for the year 2019. Lao (Laos)'s soya beans exports are classified as:
- Soya beans, whether or not broken (HS code 120100)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
- Soya bean seed, for sowing (HS code 120110)
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Lao (Laos) soya beans export values
In 2019, Lao (Laos) sold soya beans with a value of 1.55m USD, a surge of 12.24% from 2018's total soya beans export of 1.381m USD. The yearly increase in value of Lao (Laos) soya beans between 2017 to 2018 was 3441.026 pc.
The annual/yearly variation in the volume of Lao (Laos)'s soya beans exports between 2017 and 2019 was 5275.25% when compared to a variation of 74.286% in the growth rate between 2018 and 2019.
Export markets for Lao (Laos) soya beans ( in '000$ )
Lao (Laos) imported 171 tonnes of soya beans in 2019.
Production
The production of soya beans in Lao (Laos) was 37,224 tonnes in 2019 and is estimated to change by an average of 48.07%. The country had approximately 21,402.00 hectares under soya beans cultivation.