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- How much does Argentina Soyabean oil cost?
- In 2024, the approximate wholesale price range for Argentina soyabean oil is between US$ 2.39 and US$ 3.07 per kilogram or between US$ 1.08 and US$ 1.39 per pound (lb). Are you searching for Argentina soyabean oil to purchase?
- Request our sourcing service for premium bulk Argentina soyabean oil.
- Which country imports the most soybean oil in 2023?
- India’s soybean oil imports are likely to rise the more than 4 MT in 2023-24 compared to the 3.5 MT of the previous year. This makes India the biggest edible oil importer in the world. Because of the booming biofuel sector the consumption and prices for soybean oil are likely to rise in China as well. Europe
- Will the soybean oil market remain strong in the short term?
- The soybean oil market was expected to remain strong in the short term. On the other hand, the soybean oil and palm oil markets rose on March 24th. Soybean oil averaged 11,146 RMB/MT, up 2.73 percent in a single day, while palm oil averaged 12,994 RMB/MT, up 1.44 percent.
- Why did soybean oil fluctuate in Q4 2024?
- Throughout Q4 of 2024, soybean oil followed a fluctuating price curve in the European region. The Black Sea area faced pressure due to tighter supplies from major global producers and ongoing geopolitical uncertainties. Import losses from alternative oils were offset by buyers turning to soybean oil.
- What is the current price of soybean oil?
- Currently, soybean oil price stands at 0.7012 USD/lb or 1545.87 USD/MT- more than a third rise for the price of the commodity in the domestic market. However, due to the speculations about the recession and the uncertainty regarding the US soybean harvest, the prices are likely to stabilize.
- How did soybean oil prices perform in the fourth quarter 2023?
- The soybean oil prices showcased mixed market trend during the fourth quarter of the year 2023 in the Asian markets. In the Indian domestic soybean oil market, the monthly average prices first decreased by about 4% from October to November of 2023 and then increased by about 12% in the next couple of months.
