What is the price of soya beans per kilogram/pound in South Africa today?
The retail price range for South Africa soya beans is between US$ 1.79 and US$ 3.57 per kilogram or between US$ 0.81 and US$ 1.62 per pound(lb). Click here to see today's exact prices of soya beans in South Africa
The retail price range in Rand for soya beans is between ZAR 34.81 and ZAR 69.43 per kilogram or between ZAR 15.78 and ZAR 31.49 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa soya beans is between US$ 1.25 and US$ 2.50 per kilogram or between US$ 0.57 and US$ 1.13 per pound(lb).
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South Africa Soya Beans Export Prices - Historical, Trends and Prediction
In the years 2018, 2019, 2020, 2021 and 2022, the export prices of Soya Beans from South Africa per Kg were US$0.53, US$0.57, US$0.51, US$0.65 and US$0.70 respectively. For 2023, the predicted export price is US$0.65.
The exports of soya beans from South Africa are categorised as:
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
- Soya beans, whether or not broken (HS code 120100)
South Africa Soya Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soya Beans into South Africa has been quite volatile over the past five years. In 2011, the price was 0.53 US dollars per kg. This dropped to 0.52 US dollars per kg in 2012, before increasing to 0.66 US dollars per kg in 2013. In 2014, the price skyrocketed to 6.45 US dollars per kg, before dropping back to 0.55 US dollars per kg in 2015. The price then increased to 0.61 US dollars per kg in 2016, before rising again to 0.65 US dollars per kg in 2017. In 2018, the price dropped to 0.44 US dollars per kg, before increasing to 0.6 US dollars per kg in 2019. The price then rose to 1.1 US dollars per kg in 2020, before dropping to 0.66 US dollars per kg in 2021. Finally, the price increased to 0.67 US dollars per kg in 2022. Based on this data, it is predicted that the import price per kilogram of Soya Beans into South Africa will be 0.68 US dollars per kg in 2023 and 0.69 US dollars per kg in 2024.Export values for South Africa soya beans
The total values in export for soya beans in South Africa were US$ 4,747, US$ 1,511, US$ 14,886 and US$ 3,361 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 South Africa: Wheat, Rye, Barley, Oats, Maize, Rice, Sorghum, Buckwheet, Millet & Canary seed.
See prices of soya beans in other countries across Africa: Algeria soya beans, Angola soya beans, Botswana soya beans, Burundi soya beans, Cameroon soya beans, Cape Verde soya beans, Central African Republic soya beans, Comoros soya beans, DRC Congo soya beans & Benin soya beans.
South Africa soya beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa sold 155,800,626 tonnes of soya beans. Across 2019 alone, the interest in South Africa soya beans (cereals/grains category) has climbed, changing by 1.993 per cent compared to the year 2018. Between 2017 and 2019, soya beans' exports increased by 2.77% earning the nation US$3.36m for the year 2019. South Africa's soya beans exports are categorised as:
- Soya beans, whether or not broken (HS code 120100)
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
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South Africa soya beans export values
In 2019, South Africa sold soya beans costing 3.36m USD, a contraction of -77.43% from 2018's total soya beans export of 14.886m USD. The annual reduction in value of South Africa soya beans between 2017 to 2018 was 885.175 percent.
The annual change in the quantity of South Africa's soya beans exports between 2017 and 2019 was 2.77 percent compared to a variation of 1.993% in the period between 2018 and 2019.
South Africa's portion of the world's total soya beans' exports in 2019 was less than 1%. The country is ranked position 40 in world exports of soya beans.
Export markets for South Africa soya beans ( in '000$ )
South Africa's leading export markets for soya beans are Zimbabwe, Switzerland, Mozambique, Botswana and Lesotho.
Import/Export Trends
South Africa is a net exporter of soya beans. The annual growth of South Africa soya beans in value between 2015 to 2019 was 14%, per annum, while annual growth in quantity was 19%, per annum.
South Africa ordered 9,459 tonnes of soya beans in 2019.
Production
The production of soya beans in South Africa was 3,511,035 tonnes in 2019 and is predicted to change by an average of -24%. The country had an estimated 2,191,500.00 hectares under soya beans cultivation.
South Africa’s Soybean production increases by 2% Y-o-Y
A May 2023 report by the U.S. Department of Agriculture (USDA) cited a 2% increase in South Africa soya bean production in 2023. The increase in the 2022-23 crop owes to high fertilizer costs which made farmers abandon yellow corn and plant the less demanding soybean crop.
Planting and harvesting months for South Africa soya beans
South Africa currently grows soybeans in 9 provinces, across 1.2 million hectares (2023 estimate). Because the planting season for soya beans in South Africa is October to November, supplies improve from March after harvests. The June 2022-June 2023 total output was around 2.7 million metric tonnes.
Prices by soy category
Current price: from R35 ($1.87) to R70 ($3.73) per kg for dried soya beans, and up to R175 ($9.33) for sprouting soya beans
There are two classes of soybeans in South Africa and only 1 grade in the first class.
Class SB. These are the seeds of soy with 100% perfection, including lack of foreign debris. The government grades them as Grade SB1 when they meet this criteria.
Other Soya Beans. This is a grade-free classification of soy seeds that may contain other debris along with them. They also cost less than their first class counterparts.
Other classifications include soybean meal, soybean oil and soy milk.