| Product | Region | Incoterm Basis | Price | Last Updated Month |
| Soybean Oil | USA | FOB | USD 1,624.00/MT | April 2026 |
| Soybean Oil | Argentina | FOB | USD 897.12/MT | April 2026 |
| Soybean Oil | Spain | FOB | USD 1,774.98/MT | April 2026 |
| Soybean Oil | China | FOB | USD 1,264.81/MT | April 2026 |
| Soybean Oil | India | FOB | USD 1,547.16/MT | April 2026 |
| Soybean Oil | USA | FOB | USD 1,518.12/MT | March 2026 |
| Soybean Oil | Argentina | FOB | USD 1,450.00/MT | March 2026 |
| Soybean Oil | Spain | FOB | USD 1,539.00/MT | March 2026 |
| Soybean Oil | China | FOB | USD 1,270.45/MT | March 2026 |
| Soybean Oil | India | FOB | USD 1,342.00/MT | March 2026 |
Stay Updated with the Latest Soybean Oil Prices, Historical Data, and Tailored Regional Analysis
Asia
In the first quarter of 2026, soybean oil price curve witnessed range-bound movements in the Indian markets. The prices at INR 98.36/kg in January and INR 99.10/kg in March. The prices increased about 0.73% from the previous quarter. Domestic sentiment was impacted by policy developments, as India agreed to allow duty-free imports of U.S. soybean oil and DDGS under a new trade framework, triggering concerns over cheaper inflows and weighing on oilseed complex prices. Although throughout the quarter the market remained stable with minimal fluctuations, but in March geopolitical tensions in the Middle East disrupted key maritime routes, increasing freight and insurance costs and delaying cargo movements. These logistical disruptions tightened short-term availability and supported prices, while overall demand remained stable, preventing sharp price movements.
Europe
The European soybean oil market experienced stable to largely consolidated conditions, influenced by global trade flows and import dependency. Elevated international prices and logistical disruptions impacted procurement strategies, while expectations of incoming South American supply prevented sustained price increases. Market participants remained cautious amid volatility in global vegetable oil markets, with steady downstream demand from food and biofuel sectors maintaining baseline consumption. Adequate supply availability and shifting trade dynamics ensured prices remained within a controlled range.
North America
In Q1’26, the soybean oil price trend witnessed mixed movements in the North America region. Initially, the prices of soybean were stable to firm driven by biofuel blending expectations. Meanwhile, the impact of the Iran war on the market remained limited as ample supply expectations, particularly from South America, limited aggressive upward movement. Export demand remained supportive, while evolving trade policies influenced global competitiveness and trade flows.
Analyst Insight
According to Procurement Resource, soybean oil prices are expected to remain range-bound, with supply availability, policy shifts, and logistical uncertainties continuing to influence the driving attributes.
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| Product | Category | Region | Price | Last Updated Month |
| Soybean Oil | Agriculture, Farming and Commodity | India | 1175 USD/MT | October 2025 |
| Soybean Oil | Agriculture, Farming and Commodity | India | 1192 USD/MT | December 2025 |
Stay Updated with the Latest Soybean Oil Prices, Historical Data, and Tailored Regional Analysis
Asia
Indian soybean oil markets experienced progressive strengthening throughout the fourth quarter of 2025. The prices were about 1175 USD/MT (CIF) in October and around 1192 USD/MT in December. The appreciation reflected multiple factors including expectations of tightening palm oil supplies and anticipation of Indonesia's enhanced biodiesel blending mandate implementation. Indian buyers placed substantial forward orders for delivery extending into the following year, seeking to secure supplies amid concerns over future palm oil availability and pricing.
The unprecedented forward purchasing activity, representing significantly elevated volumes compared to historical patterns, demonstrated market expectations of price increases ahead. However, during the late-quarter, the trend shifted as rising domestic soybean oil availability from the new crop season coincided with weakening seasonal demand due to the absence of festivals and traditional wedding ceremonies during inauspicious periods. These conditions led to cancellations and postponements of near-term import cargoes as domestic prices traded below international offers.
Currency depreciation further reduced import economics, creating price disparities that made inbound shipments unviable. Import sourcing patterns diversified during the quarter, with rare shipments arriving from Chinese origins where pricing remained more competitive than traditional South American sources.
Europe
European soybean oil markets reflected global supply dynamics throughout the quarter, with pricing influenced by South American production conditions and competing vegetable oil values. Demand from biodiesel sectors remained steady as renewable fuel consumption continued, though market participants monitored policy developments that could affect future feedstock requirements.
Trade flows adjusted to changing relative prices between soybean oil and alternative oils, with buyers evaluating economics across different origins and product specifications. Sunflower oil supply concerns from reduced Black Sea and European crops supported relative pricing relationships, creating premium structures that influenced purchasing decisions across the vegetable oil complex.
North America
North American soybean oil markets experienced support from biofuel policy developments during the fourth quarter, with proposed volume requirement increases for biomass-based diesel providing fundamental strength. The substantial expansion in mandated volumes reinforced domestic demand expectations, supporting price levels throughout the period.
Crushing activity remained elevated as processors responded to favourable margins, with approximately half of domestic soybean oil production directed toward biofuel applications. The strong domestic demand environment limited export availability and supported firm pricing despite adequate soybean supplies from the harvest period.
Soybean or better known as the soya bean is a species of legume native to East Asia. It is extensively grown for its edible bean, that comes with several benefits. The conventional unfermented food uses of soybeans include soy milk, from which tofu and tofu skin are prepared or can be produced or prepared. Fermented soy foods include soy sauce, fermented bean paste, natto, and tempeh.
Vegetable oil, Biodiesel, Condiment for salads, Printing ink and oil paint formulations, Fixative
Bunge Limited, The Archer Daniels Midland Company, Cargill, Incorporated, Adams Group, CHS Inc., Grain Millers Inc
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
In this process, first soybeans undergo cracking process and then heated at a temperature ranging between 60-88oC or 140-190 °F. These are further rolled into flakes and solvent-extracted with hexanes. The oil obtained is finally refined and blended for distinct applications, and often hydrogenated.
Neha Gawande
Senior Lead Analyst
Delivering procurement intelligence and commodity research across automotive, oil & gas, chemicals, aerospace, and energy, helping sourcing teams decode complex supply chain data to sharpen purchasing strategies and achieve sustainable cost outcomes.
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This report provides the cost structure of xanthan gum production by the fermentation method. In this process, a well-aerated medium containing carbohydrate, a nitrogen source, dipotassium phosphate, and other trace elements is inoculated with Xanthomonas campestris.
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