| Product | Region | Incoterm Basis | Price | Last Updated Month |
| Refined Soybean Oil | China | CIF | USD 1310/MT | April 2026 |
| Refined Soybean Oil | Saudi Arabia | CIF | USD 1512/MT | April 2026 |
| Refined Soybean Oil | Russia | CIF | USD 1,437/MT | April 2026 |
| Refined Soybean Oil | USA | CIF | USD 1,400/MT | April 2026 |
| Refined Soybean Oil | Canada | CIF | USD 1,476/MT | April 2026 |
| Refined Soybean Oil | China | CIF | USD 1,283.79/MT | March 2026 |
| Refined Soybean Oil | Saudi Arabia | CIF | USD 1,482.00/MT | March 2026 |
| Refined Soybean Oil | Russia | CIF | USD 1408.86/MT | March 2026 |
| Refined Soybean Oil | USA | CIF | USD 1372.02/MT | March 2026 |
| Refined Soybean Oil | Canada | CIF | USD 1446.71/MT | March 2026 |
Stay updated with the latest refined soybean oil prices, historical data, and tailored regional analysis
Refined soybean oil in Q1’26 showed a stable-to-slightly firm trend in Asia, particularly India, where prices moved within a narrow band due to balanced fundamentals. Market sentiment was influenced by trade policy developments, as India’s agreement to allow duty-free imports of U.S. soybean oil raised concerns over increased inflows and pressured domestic oilseed sentiment. According to USDA data, India’s soybean oil production stands at ~1.7 MMT against consumption of ~6.4 MMT, highlighting strong import dependence and sensitivity to global trade flows. While the quarter remained largely stable, geopolitical tensions in the Middle East disrupted key shipping routes, raising freight and insurance costs and delaying cargo arrivals, which tightened short-term availability and provided mild support. Demand from the food sector remained consistent, preventing volatility despite supply-side concerns.
Analyst Insight
According to Procurement Resource, looking ahead, the refined soybean oil market is expected to stay range-bound, with logistics risks supporting prices while ample supply and policy-driven imports limit increases.
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Refined Soybean Oil prices in Indian markets followed a mixed trend during the second half of 2025. Through the third quarter and into the early part of the fourth quarter, prices declined steadily from elevated opening levels. The downward movement was driven by improved import availability, as competitive cargoes from alternative origins entered the market and displaced a portion of conventional South American supplies. Domestic refiners benefited from lower landed costs, and purchasing activity remained steady as buyers took advantage of the softer price environment. Abundant global supply, including discounted offers from China seeking to clear excess inventories, kept import costs contained and weighed on domestic pricing throughout this phase.
As the fourth quarter progressed, prices stabilised and began recovering gradually. Expectations of tighter palm oil availability and anticipation of biodiesel policy developments in key producing countries shifted market sentiment. Buying interest improved, and forward procurement activity increased as trade participants sought to secure supply ahead of anticipated tightening. Toward period-end, prices edged marginally lower as seasonal consumption eased.
With a high content of polyunsaturated fatty acids, Refined Soybean Oil is a natural refined vegetable oil. 7% linolenic acid, 51% linoleic acid and 23% oleic acid are the major unsaturated fatty acids in Refined Soybean Oil. It has a minimal colour level and is an odourless vegetable oil.
Refined Soy OilRefined Soya Oil
Food and Beverages
Cargill, Incorporated, Wilmar International, MWC Oil, CHS Inc, Archer Daniels and Midland Company
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 order to produce Refined Soybean Oil, the soybeans have to be cracked and adjusted for moisture content. The content is heated between 60 and 88°C, rolled into flakes and solvent is extracted with hexanes. The oil is refined afterwards, clarified by filtration, and blended for different applications, sometimes is even 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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