Product
Soy Lecithin Price Trend and Forecast
Soy Lecithin Price Trend and Forecast
Soy Lecithin Regional Price Overview
Get comprehensive insights into the Solid Bleached Soy Lecithin market, with a focused analysis of the Soy Lecithin price trend across Asia, Europe, North America, Latin America, and the Middle East & Africa.
Soy Lecithin Price Trend for Q1 of 2024
| Product | Category | Region | Price | Time Period |
| Soy Lecithin | Food and Beverages | USA | 1422 USD/MT | January '24 |
| Soy Lecithin | Food and Beverages | USA | 1293 USD/MT | March '24 |
Stay updated with the latest Soy Lecithin prices, historical data, and tailored regional analysis
Soy lecithin prices were found to be wavering at the lower end of the curve during the first quarter of the year 2024. In the US market, the monthly average prices went from about 1422 USD/MT (FOB) in January’24 to around 1293 USD/MT (FOB) in March’24. This imparted an approximate 9% decline in soy lecithin prices. Primarily, the upsurge in supply outlook played a role in maneuvering the prices down.
Soy Lecithin Price Chart
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The US soy lecithin industry recorded an increase in soy crushing volumes, which eventually led to a rise in supply volumes. This created downward pressure on the soy lecithin price trend; concurrently, the demand spectrum was also largely tilted downwards. A swift depreciation in feedstock soybean prices also exerted pressure on the soy lecithin prices during the said period. Overall, a meek market performance was witnessed throughout the discussed time span.
Analyst Insight
According to Procurement Resource, not much improvement is anticipated in Soy Lecithin prices going forward since the supply outlook is still largely dominating over the demand spectrum.
Procurement Resource provides latest prices of Soy Lecithin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Soy Lecithin
Soy lecithin is a fatty substance derived from the processing of soybeans. It is used as an emulsifier, meaning it helps blend ingredients that typically do not mix well, such as oil and water. Commonly found in many food products, soy lecithin improves texture, extends shelf life, and aids in the homogeneous mixing of ingredients. It is also used in supplements, cosmetics, and pharmaceuticals for its emulsifying properties and potential health benefits.
Soy Lecithin Product Details
| Report Features | Details |
| Product Name | Soy lecithin |
| HS Code | 29232010 |
| Industrial Uses | Food and Beverages, Pharmaceuticals, Cosmetics, Paints, Textiles, Animal Feed |
| Cas Number | 8002435 |
| Supplier Database | Cargill, ADM, Danisco, Renova, Jiusan Group, Louis Dreyfus, Shandong Bohi, Bunge |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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