EU oilseed production falls 1% amid heat and drought, prompting a 7% increase in imports for 2026/27. Lower domestic harvests of rapeseed and sunflower tighten supply, while higher crushing volumes support processing demand, likely pushing oilseed prices upward.
India has reduced import tariffs on crude soybean oil, lowering the landed cost of imports. The move comes as India recorded a record monthly soybean oil import volume in August, reflecting strong domestic demand. Combined with expanding Argentine crushing and export capacity, the tariff reduction is expected to ease prices for Indian buyers and support further import growth.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Crude Soybean Oil | China | FOB | USD 1,289.64/MT | August 2026 |
| Crude Soybean Oil | India | CIF | USD 1,380.64/MT | August 2026 |
| Crude Soybean Oil | Germany | CIF | USD 1,403.64/MT | August 2026 |
| Crude Soybean Oil | Australia | CIF | USD 1,384.64/MT | August 2026 |
| Crude Soybean Oil | Brazil | CIF | USD 1,431.64/MT | August 2026 |
| Crude Soybean Oil | China | FOB | USD 1,268.57/MT | July 2026 |
| Crude Soybean Oil | India | CIF | USD 1,375.38/MT | July 2026 |
| Crude Soybean Oil | Germany | CIF | USD 1,402.20/MT | July 2026 |
| Crude Soybean Oil | Australia | CIF | USD 1,367.03/MT | July 2026 |
| Crude Soybean Oil | Brazil | CIF | USD 1,440.18/MT | July 2026 |
Stay updated with the latest Crude Soybean Oil prices, historical data, and tailored regional analysis
Asia
In China, Crude Soybean Oil averaged to approx. USD 1,268.57/MT (FOB) in July 2026. The Asian market faced pressure from increasing availability and inventory accumulation, particularly in China, where commercial soybean oil stocks continued building during the quarter. This reflected sufficient domestic supply and reduced buying urgency among downstream users. However, soybean oil retained a relative advantage over palm oil as the spread between the two oils shifted, encouraging some substitution toward soybean oil in downstream formulations. Weak large-scale restocking limited demand support, while expectations of tighter palm oil availability and Indonesia’s biodiesel policy provided a potential medium-term support factor for the broader vegetable-oil complex.
Europe
In Germany, Crude Soybean Oil averaged around USD 1,402.20/MT (CIF) in July 2026. European markets remained influenced by competition from rapeseed and sunflower oil, which have stronger positions in regional food and biodiesel applications. The European Commission projected combined EU production of rapeseed, sunflower and soybean oils at around 16.55 million tonnes for the 2026/27 marketing year, indicating substantial regional vegetable-oil availability. Soybean oil therefore remained exposed to substitution from competing oils, while biodiesel demand continued providing an important consumption outlet. Increasing compliance considerations for imported soy and palm feedstocks also became relevant ahead of upcoming EU deforestation requirements, potentially raising the cost of imported vegetable oils.
North America
In North America, the market strengthened early in Q3’26 as renewable diesel and biodiesel demand supported soybean oil consumption before becoming rangebound as supply expanded. The United States continued to see stronger biofuel demand, with soybean oil use for biofuel production forecast at 17.8 billion pounds for 2026/27. However, increased soybean crushing, a large domestic crop and greater availability of imported feedstocks limited the impact of this demand on domestic supply. Strong diesel production supported biofuel economics, while weaker renewable-fuel credit values and a narrowing soybean oil–heating oil spread later reduced bullish momentum.
Analyst Insight
According to Procurement Resource, Crude Soybean Oil markets are likely to remain rangebound, with biofuel demand providing support while ample feedstock availability and competing vegetable oils constrain further gains.
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Asia
In the Chinese region, Crude Soybean Oil price stood at an approximate level of USD 1,269.25/MT in May and declined to approximately USD 1,257.00/MT in June during Q2 2026. Chinese market sentiments remained slightly weak due to strong crushing operations that made oil supply abundant while purchases continued at need basis. Rising inventories and ample soybean supply reduced the urgency to restock, outweighing temporary support from international vegetable-oil markets. Meanwhile, Crude Soybean Oil price increased from approximately USD 1,336.59/MT in May to around USD 1,344.20/MT in June in the Indian market. Indian sentiments were firm on the back of costly replacements for importers and stable consumption of edible-oil, despite competition from vegetable oils.
Europe
The Crude Soybean Oil market in Germany was estimated at USD 1,362.70/MT in May before rising to USD 1,378.20/MT by June 2026. Conditions in the European market were favourable due to increasing biofuel demand and tightness in vegetable oil markets, helping to support soybean oil substitution costs. Biofuel producers remained active buyers, but caution was taken due to uncertainties in energy supplies and feedstocks. Tight supply from South America prevented further price gains with projections of global soybean oil production at 74.7 million MT for MY 2026/27.
North America
Crude Soybean Oil markets in North America remained firm in much of Q2 amid strong demand for renewable diesel and tight supplies. Local crushing operations benefitted from high margins, while biofuel producers competed with food industry for limited oil. USDA predicted an increase in U.S. soybean oil used for biofuel production of 25% in MY 2026/27. Momentum in the market slowed somewhat during June due to favourable weather, profits taking and reduced export prospects.
Crude Soybean Oil is basically oil derived from soybean flakes with mixed hexanes. Crude degummed soybean oil is defined as pure soybean oil which is obtained from fair to average quality crude soybean oil by removing most of the natural gums (phospholipids) present in it through hydration and mechanical separation.
Producing Salad Dressings, Baking and Frying Fats, Margarines, Salad and Cooking Oils
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. This extracted oil containing hexanes is known as Crude Soybean Oil. Upon refining the same, it is referred to as soybean oil.
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