Soybean oil prices: questions and answers
Soybean oil: median wholesale price 1.39 EUR/kg across 12 markets in 6 countries, quotes to 6 November 2026. Answers calculated from current market quotes on Husfarm and FAOSTAT data.
What is the wholesale price of soybean oil today?
The median wholesale price of soybean oil was 1.39 EUR/kg across 16 current quotes on 12 markets in 6 countries (latest quote 6 November 2026). Half of the quotes were between 1.27 and 2.13 EUR/kg.
Each quote is the midpoint of the lowest and highest price the market published, converted to euros per kilogram at the day’s reference rate. Quotes per piece or per pack without a weight are left out of this figure.
How do prices differ between types of soybean oil?
| Type | Quotes | Median |
|---|---|---|
| Physical markets | 12 | 1.79 EUR/kg |
| Exchange futures | 4 | 1.20 EUR/kg |
The markets quoting soybean oil do not name a type, so all quotes are compared together.
What is the price of soybean oil in different countries?
| Country | Markets | Median, EUR/kg | Median, local currency |
|---|---|---|---|
| Colombia | 6 | 2.43 EUR/kg | 8,583 COP/kg |
| Italy | 2 | 1.40 EUR/kg | — |
| China | 1 | 1.20 EUR/kg | 8.96 CNY/kg |
| Germany | 1 | 1.30 EUR/kg | — |
| Spain | 1 | 1.39 EUR/kg | — |
| United States | 1 | 1.39 EUR/kg | 1.55 USD/kg |
Countries with the most markets quoting soybean oil; medians of the latest quote of each series.
Are prices of soybean oil going up or down?
At the latest publication compared with the previous one, 6 of 12 quotes for soybean oil rose, 4 fell and 2 were unchanged; the median change was +0.0%.
Each market is compared with its own previous quote for the same series, so the figure is not affected by which markets published on a given day. Markets publish daily, weekly or less often, so the comparison covers different periods for different markets.
Which markets publish soybean oil prices?
12 markets in 6 countries have current soybean oil quotes on Husfarm. Those with the most quotes:
- Dalian Commodity Exchange China · 4 quotes
- Borsa Merci di Verona (Verona Commodity Exchange) Italy · 2 quotes
- EU price reporting: Germany Germany · 1 quote
- EU price reporting: Spain Spain · 1 quote
- EU price reporting: Italy Italy · 1 quote
- World Bank benchmark prices, United States United States · 1 quote
- Bogotá DC Corabastos Wholesale Market Colombia · 1 quote
- Bogotá Paloquemao Market Colombia · 1 quote
Why are there so many different soybean oil prices?
Markets publish a separate price for each variety, grade, size, origin and pack. Husfarm shows 11 different soybean oil quote names, for example: Soybean oil futures, contract y2701, January 2027; Crude soybean oil; Crude soya bean oil, Hamburg, FOB; Crude soya bean oil, national average, ex processor; Crude soya bean oil, Milano, delivered to first customer; Soybean oil, US crude degummed, FOB Gulf.
Compare like with like: the same market and series over time, or the same type across markets. How to read a wholesale quote
Which country produces the most soybean oil?
According to FAOSTAT, world production of soya bean oil was 59.9 million t in 2023. The largest producer was China with 29.0% of the world total, followed by United States and Brazil.
Which country exports the most soybean oil?
In 2024 the largest exporter of soya bean oil was Argentina with 5.6 million t (44.1% of reported exports), according to FAOSTAT trade data.
Where do these soybean oil prices come from?
Husfarm reads the price bulletins and tables that markets, exchanges and official price reports publish, keeps each price in the market’s own currency and unit with its date and source, and converts it to euros per kilogram for comparison.
How often are soybean oil prices updated?
The latest soybean oil quote is from 6 November 2026; 5 of 12 markets published soybean oil prices in the seven days to 11 November 2026. Each market publishes on its own schedule, from daily to monthly.
Can I get alerts or download soybean oil prices?
Yes. You can set an e-mail alert for soybean oil prices on a market or across markets, and download the current quotes and their history as CSV files free of charge.
Questions about other processed food
Guides: how wholesale prices work
Prices: market quotes collected by Husfarm, as published by each market; conversions at ECB and market reference rates. Production and trade: FAO, FAOSTAT (CC BY 4.0). Answers are calculated automatically from the current data and change when the data changes.