What is the price of soya beans per kilogram/pound in Malaysia today?
The retail price range for Malaysia soya beans is between US$ 1.85 and US$ 2.69 per kilogram or between US$ 0.84 and US$ 1.22 per pound(lb). Click here to see today's exact prices of soya beans in Malaysia
The retail price range in Malaysian Ringgit for soya beans is between MYR 8.38 and MYR 12.20 per kilogram or between MYR 3.80 and MYR 5.53 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia soya beans is between US$ 1.29 and US$ 1.88 per kilogram or between US$ 0.59 and US$ 0.85 per pound(lb).
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Malaysia Soya Beans Export Prices - Historical, Trends and Prediction
In 2016, the export price was 3.52 US$ per Kg. In 2017, the export price was 0.92 US$ per Kg. In 2018, the export price was 1.32 US$ per Kg. In 2019, the export price was 1.40 US$ per Kg. In 2020, the export price was 1.43 US$ per Kg. For 2021, the export price was 1.59 US$ per Kg. For 2023, the predicted export price is 1.63 US$ per Kg.The exports of soya beans from Malaysia are classified as:
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
- Soya beans, whether or not broken (HS code 120100)
Malaysia Soya Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soya Beans into Malaysia has seen a steady decline over the last five years. In 2017, the price was 0.15 US$ per kg, followed by 0.56 US$ per kg in 2018. In 2019, the price dropped to 0.50 US$ per kg and in 2020, it further decreased to 0.51 US$ per kg. The price then increased to 0.93 US$ per kg in 2021. Based on the data, it is predicted that the import price per kilogram of Soya Beans into Malaysia will remain steady at 0.93 US$ per kg in 2023 and 2024.Export values for Malaysia soya beans
The total values in export for soya beans in Malaysia were US$ 17,787, US$ 15,886, US$ 5,844 and US$ 6,333 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 Malaysia: 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.
Malaysia soya beans - Production, Exports, Imports, Seasons and HS Codes
The amount of soya beans sold by Malaysia in 2020 was 11,879 tons. In 2019 Malaysia exported 12,845 tonnes of soya beans. For the year 2019 alone, the market for Malaysia soya beans (cereals/grains category) has surged, changing by 12.616 % compared to the year 2018. Between 2017 and 2019, soya beans' exports decreased by -67.91% bringing the nation US$6.33m for the year 2019. Malaysia's soya beans exports are categorised as:
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (HS code 120100)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
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Malaysia soya beans export values
In 2019, Malaysia supplied soya beans with a value of 6.33m USD, an increment of 8.32% from 2018's total soya beans export of 5.844m USD. The annual change in value of Malaysia soya beans between 2017 to 2018 was -63.213%.
The annual/yearly change in the amount of Malaysia's soya beans exports between 2017 and 2019 was -67.91 pc compared to a variation of 12.616% in the period between 2018 and 2019.
Malaysia's share of the world's total soya beans' exports in 2019 was less than 1%. The country holds number 35 in world exports of soya beans.
Export markets for Malaysia soya beans ( in '000$ )
Malaysia's best performing destinations for soya beans are Myanmar, Fiji, Sri Lanka, Singapore and Nepal.
Import/Export Trends
Malaysia is a net importer of soya beans. The annual growth of Malaysia soya beans in value between 2015 to 2019 was -44%, per annum, while annual growth in quantity was -61%, per annum.
Malaysia purchased 771,378 tonnes of soya beans in 2019.