Soyabean Oil Prices in Canada
| Variety | Market level | Price (US$/kg) | Local (CAD) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 2.40 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 0.90 | 1.21 | ▲ 2.8% | ▲ 2.8% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Canada available is US$ 0.90 per kg (1.21 CAD), up 2.8% year-on-year.
Canada exported 22,450 tonnes of soyabean oil in 2024, valued at US$19.6 million, ranking #23 among 72 exporters and accounting for 0.2% of global exports. The country is a net exporter, with 2023 production at 329,856 tonnes, representing 0.4% of world output. The latest export unit value is US$0.8984 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Use this data freely with attribution to Selina Wamucii.
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Production, Exports, Imports & HS Codes - soyabean oil in Canada
Canada exported 22,450 tonnes of soyabean oil in 2024, valued at US$19.6 million, ranking #23 among 72 exporters and accounting for 0.2% of global exports. The country is a net exporter, with 2023 production at 329,856 tonnes, representing 0.4% of world output. The latest export unit value is US$0.8984 per kg.
Exports UN Comtrade · 2024
In 2024, Canada exported $19.6M (22.5 kt) of soyabean oil▼ 4.1% YoY. That ranks #23 worldwide (0.2% of global exports).
Export value by year (US$)
Export volume by year
Top soyabean oil exporters worldwide UN Comtrade · 2024
- #1 Argentina $4.64B · 51.5%
- #2 Brazil $1.15B · 12.7%
- #3 Paraguay $409.2M · 4.5%
- #4 Turkey $348.5M · 3.9%
- #5 US $310.7M · 3.5%
Annual export data Canada · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $19.6M | 22.5 kt | $0.87 |
| 2023 | $20.5M | 32.5 kt | $0.63 |
| 2022 | $17.8M | 31 kt | $0.58 |
| 2021 | $12.2M | 21.7 kt | $0.56 |
| 2020 | $12.3M | 17.7 kt | $0.69 |
Production FAOSTAT · 2023
Canada produced 329.9 kt of soyabean oil in 2023▼ 5.5% YoY. It ranks #19 among producing countries (0.4% of world output).
Production by year (tonnes)
HS Code
soyabean oil is traded under Harmonized System code 1507.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO). Values are official reported figures.