Soybean Oil Price Trends
Procurement Resource provides latest prices of 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 Soybean Oil prices for several regions around the globe, which are as follows:
- North America
- South America
- Asia Pacific
- Middle East
About Soybean Oil:
The Soybean or better known as the soya bean is a species of legume native to East Asia. It is extensively grown for its edible bean, that comes with several benefits. The conventional unfermented food uses of soybeans include soy milk, from which tofu and tofu skin are prepared or can be produced or prepared. Fermented soy foods include soy sauce, fermented bean paste, natto, and tempeh.
- Vegetable oil
- Condiment for salads
- Printing ink and oil paint formulations
- Production of Soybean Oil from Soybeans.
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. The oil obtained is finally refined and blended for distinct applications, and often hydrogenated.
- Bunge Limited
- The Archer Daniels Midland Company
- Cargill, Incorporated
- Adams Group
- CHS Inc.
- Grain Millers Inc
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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).