What is the price of canola oil per kilogram/pound in Mongolia today?
The retail price range for Mongolia canola oil is between US$ 0.95 and US$ 3.81 per kilogram or between US$ 0.43 and US$ 1.73 per pound(lb). Click here to see today's exact prices of canola oil in Mongolia
The retail price range in Tugrik for canola oil is between MNT 3,376.61 and MNT 13,608.75 per kilogram or between MNT 1,531.34 and MNT 6,171.77 per pound(lb) in Ulaanbaatar and Erdenet.
Wholesale prices
In 2024, the approximate wholesale price range for Mongolia canola oil is between US$ 0.66 and US$ 2.67 per kilogram or between US$ 0.30 and US$ 1.21 per pound(lb).
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Mongolia Canola Oil Export Prices - Historical, Trends and Prediction
The export price of Canola Oil from Mongolia has seen a significant fluctuation over the past five years. In 2016, the price per kilogram was 1.42 US dollars, which dropped to 0.79 US dollars in 2017. However, the price rose again in 2018 to 1.16 US dollars. Based on this trend, it is predicted that the export price of Canola Oil from Mongolia will be 1.45 US dollars in 2023 and 1.48 US dollars in 2024.The canola oil exports from Mongolia are classified as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
Mongolia Canola Oil Import Prices - Historical, Trends and Prediction
The import price of Canola Oil into Mongolia over the last five years has been quite volatile. In 2016, the price per kilogram was 1.42 US dollars, which dropped to 0.79 US dollars in 2017. However, the price rose again in 2018 to 1.16 US dollars. Looking ahead, it is likely that the import price of Canola Oil into Mongolia will remain relatively stable in the coming years. Predicted prices for 2023 and 2024 are 1.20 and 1.25 US dollars per kilogram, respectively.Export values for Mongolia canola oil
The total values in export for canola oil in Mongolia were US$ 448, US$ 11 and US$ 137 in US dollar thousand for the years 2016, 2017 and 2018 in that order.
Prices of other produce in the Processed category in Mongolia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Asia: Kazakhstan canola oil, Kyrgyzstan canola oil, Tajikistan canola oil, Turkmenistan canola oil, Uzbekistan canola oil, China canola oil, Hong Kong canola oil, Macao canola oil, North Korea canola oil & Mongolia canola oil.
Mongolia canola oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Mongolia exported small quantities of canola oil. Across 2019 alone, the market for Mongolia canola oil (processed category) has , with a change of % compared to the year 2018. Between 2017 and 2019, canola oil's exports went down by -100 percent netting the country US$0.00m for the year 2019. Mongolia's canola oil exports are categorised as:
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
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Mongolia canola oil export values
In 2019, Mongolia sold canola oil valued at 0.00m USD, a drop of -100.00% from 2018's total canola oil export of 0.137m USD. The yearly change in value of Mongolia canola oil between 2017 to 2018 was 1145.455%.
The annual/yearly variation in the volume of Mongolia's canola oil exports between 2017 and 2019 was -100 percent between 2018 and 2019.
Export markets for Mongolia canola oil ( in '000$ )
Mongolia's best performing export markets for canola oil are South Korea and China.
Mongolia brought in 98 tonnes of canola oil in 2019.