Soyabean Oil Prices in India
| Variety | Market level | Price (US$/kg) | Local (INR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 147 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.05 | 86.97 | ▼ 11.6% | ▼ 11.6% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in India available is US$ 1.05 per kg (86.97 INR), down 11.6% year-on-year.
India exported 473 tonnes of soyabean oil in 2024, valued at US$496,799, ranking #52 of 72 exporters and accounting for 0.0% of global exports, with a 29.2% year-on-year increase. The country is a net exporter and produced 2,093,000 tonnes in 2023, ranking #6 globally and contributing 2.7% of world output, though production fell by 12.8% year-on-year. The latest export unit value is US$1.0497 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in India
India exported 473 tonnes of soyabean oil in 2024, valued at US$496,799, ranking #52 of 72 exporters and accounting for 0.0% of global exports, with a 29.2% year-on-year increase. The country is a net exporter and produced 2,093,000 tonnes in 2023, ranking #6 globally and contributing 2.7% of world output, though production fell by 12.8% year-on-year. The latest export unit value is US$1.0497 per kg.
Exports UN Comtrade · 2024
In 2024, India exported $496.8K (473.3 t) of soyabean oil▲ 29.2% YoY. That ranks #52 worldwide (0% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data India · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $496.8K | 473.3 t | $1.05 |
| 2023 | $384.5K | 323.7 t | $1.19 |
| 2022 | $135.9K | 81.4 t | $1.67 |
| 2021 | $1M | 933 t | $1.09 |
| 2020 | $3.5M | 3.2 kt | $1.12 |
Production FAOSTAT · 2023
India produced 2.09 Mt of soyabean oil in 2023▼ 12.8% YoY. It ranks #6 among producing countries (2.7% 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.