What is the price of soyabean oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia soyabean oil is between US$ 0.45 and US$ 0.52 per kilogram or between US$ 0.20 and US$ 0.23 per pound(lb). Click here to see today's exact prices of soyabean oil in Malaysia
The retail price range in Malaysian Ringgit for soyabean oil is between MYR 2.04 and MYR 2.35 per kilogram or between MYR 0.93 and MYR 1.07 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia soyabean oil is between US$ 0.32 and US$ 0.36 per kilogram or between US$ 0.14 and US$ 0.16 per pound(lb).
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Malaysia Soyabean Oil Export Prices - Historical, Trends and Prediction
In the years 2015, 2016, 2017, 2018 and 2019, the export prices of Soyabean oil from Malaysia per Kg were US$ 11.57, US$ 10.36, US$ 9.36, US$ 8.60 and US$ 7.99 respectively. In 2021 the export price was US$ 13.14 per Kg. For the year 2023, the predicted export price is US$ 11.45 per Kg.The Malaysia 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)
Malaysia Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Malaysia has seen a fluctuating trend over the last five years. In 2011, the price was 1.44 US dollars per kg, which dropped to 1.2 US dollars per kg in 2012. The price then increased to 1.32 US dollars per kg in 2013, before dropping to 0.93 US dollars per kg in 2014. In 2015, the price was 0.96 US dollars per kg, before dropping to 0.79 US dollars per kg in 2016. The price then increased to 0.92 US dollars per kg in 2017 and 2018, before dropping to 0.91 US dollars per kg in 2019. In 2020, the price increased to 1.42 US dollars per kg, before increasing further to 1.95 US dollars per kg in 2021. The price then dropped to 0.00 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Soyabean oil into Malaysia will be 0.92 US dollars per kg in 2023 and 1.42 US dollars per kg in 2024.Export values for Malaysia soyabean oil
The total values in export for soyabean oil in Malaysia were US$ 152,642, US$ 127,591, US$ 115,139 and US$ 108,184 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Malaysia: 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.
Malaysia soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The amount of soyabean oil shipped by Malaysia in 2020 was 112,079 metric tonnes. In 2019 Malaysia shipped 118,676 tonnes of soyabean oil. For 2019 alone, the interest in Malaysia soyabean oil (processed category) has surged, with a change of 1.201 % compared to the year 2018. Between 2017 and 2019, soyabean oil's exports went down by -5.61 percent netting the country US$108.18m for the year 2019. Malaysia's soyabean oil exports are categorised as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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Malaysia soyabean oil export values
In 2019, Malaysia supplied soyabean oil worth 108.18m USD, a decrease of -6.04% from 2018's total soyabean oil export of 115.139m USD. The yearly reduction in value of Malaysia soyabean oil between 2017 to 2018 was -9.759 pc.
The yearly variation in the amount of Malaysia's soyabean oil exports between 2017 and 2019 was -5.61 per cent when compared to a variation of 1.201% in the growth rate between 2018 and 2019.
Malaysia's share of the world's total soyabean oil's exports in 2019 was less than 1%. Malaysia holds number 27 in world exports of soyabean oil.
Export markets for Malaysia soyabean oil ( in '000$ )
Malaysia's top destinations for soyabean oil are the Philippines, Australia, Indonesia, Singapore and New Zealand.
Import/Export Trends
Malaysia is a net importer of soyabean oil. The annual growth of Malaysia soyabean oil in value between 2015 to 2019 was 6%, per annum, while annual growth in quantity through the same period was -3%, per annum.
Malaysia ordered 91,640 tonnes of soyabean oil in 2019.