What is the price of soya beans per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka soya beans is between US$ 0.48 and US$ 0.72 per kilogram or between US$ 0.22 and US$ 0.33 per pound(lb). Click here to see today's exact prices of soya beans in Sri Lanka
The retail price range in Sri Lanka Rupee for soya beans is between LKR 148.02 and LKR 222.02 per kilogram or between LKR 67.13 and LKR 100.69 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka soya beans is between US$ 0.34 and US$ 0.51 per kilogram or between US$ 0.15 and US$ 0.23 per pound(lb).
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Sri Lanka Soya Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soya Beans from Sri Lanka over the last five years has seen a significant increase. In 2012, the price was 0.56 US $ per kg, and by 2021, it had risen to 3.88 US $ per kg. The highest price was recorded in 2020, when it reached 2.97 US $ per kg. The price then dropped to 0.66 US $ per kg in 2019, before rising again in 2021. Based on this trend, it is predicted that the export price per kilogram of Soya Beans from Sri Lanka in 2023 will be around 4.50 US $ per kg, and in 2024 it will be around 5.20 US $ per kg.The Sri Lanka 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)
Sri Lanka Soya Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soya Beans into Sri Lanka over the last five years has been quite varied. In 2016, the price was 2.89 US dollars per kg, followed by a slight decrease to 2.72 US dollars per kg in 2017. In 2019, the price dropped to 0.66 US dollars per kg, before rising to 2.97 US dollars per kg in 2020. The highest price was recorded in 2021, at 3.88 US dollars per kg. Based on this data, it is predicted that the import price per kilogram of Soya Beans into Sri Lanka in 2023 will be around 3.50 US dollars per kg, and in 2024 it will be around 4.00 US dollars per kg.Export values for Sri Lanka soya beans
The total values in export for soya beans in Sri Lanka were US$ 26, US$ 79, US$ 10 and US$ 11 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 Sri Lanka: Wheat, Rye, Barley, Oats, Maize, Rice, Sorghum, Buckwheet, Millet & Canary seed.
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Sri Lanka soya beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka shipped 3 tonnes of soya beans. Across 2019 alone, the market for Sri Lanka soya beans (cereals/grains category) has shrunk, with a change of -57.143 % compared to the year 2018. Between 2017 and 2019, soya beans' exports decreased by -89.66 pc netting the exporter US$0.01m for the year 2019. Sri Lanka's soya beans exports are categorised as:
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
- Soya beans, whether or not broken (HS code 120100)
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Sri Lanka soya beans export values
In 2019, Sri Lanka exported soya beans worth 0.01m USD, of 0.00% from 2018's total soya beans export of 0.01m USD. The yearly in value of Sri Lanka soya beans between 2017 to 2018 was -87.342 per cent.
The yearly change in the volume of Sri Lanka's soya beans exports between 2017 and 2019 was -89.66 per cent compared to a variation of -57.143% in the period between 2018 and 2019.
Export markets for Sri Lanka soya beans ( in '000$ )
Sri Lanka's top export markets for soya beans are the Netherlands, New Zealand, France, South Korea and Denmark.
Sri Lanka purchased 9,657 tonnes of soya beans in 2019.
Production
The production of soya beans in Sri Lanka was 6,591 tonnes in 2019 and is estimated to change by an average of -12.12%. The country had approximately 2,742.00 hectares under soya beans cultivation.