Procurement Resource provides latest prices of Refined Soybean Oil. 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.
Procurement Resource provides prices of Refined Soybean Oil for several regions around the globe, which are as follows:
About Refined Soybean Oil:
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.
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.
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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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