- Soy lecithin markets were firm early in Q2 2026 before cost pressure eased as soybean availability and crushing activity improved toward June.
- Higher soybean and soybean-oil costs initially supported production economics, while increased crushing and ample South American supplies later improved lecithin availability.
- Food, bakery, confectionery, feed and nutraceutical demand remained steady, but improved supply reduced the need for aggressive inventory building.
During Q2 2026, soy lecithin prices initially remained firm before becoming broadly stable to slightly soft toward the end of the quarter. Chinese processors faced higher imported soybean costs during April and early May, while temporary oil-mill maintenance restricted crushing activity and reduced the immediate availability of soybean-processing co-products such as lecithin. The supply situation improved during May as larger imported soybean arrivals allowed crushers to raise operating rates, increasing soybean oil and associated lecithin output. Brazil’s strong crop also reduced concerns over prolonged feedstock tightness. According to USDA, Brazil’s 2025/26 soybean production was estimated around 180 million MT, with exports projected at about 115 million MT, indicating ample availability for major importing markets. Record Brazilian shipments to China further strengthened feedstock supply toward June. Meanwhile, food emulsifiers, bakery, confectionery, animal feed and dietary supplement applications maintained regular consumption but did not create significant supply pressure.