Soyabean Oil Prices in Russia
| Variety | Market level | Price (US$/kg) | Local (RUB) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 143 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.14 | 91.95 | ▲ 59.3% | ▲ 59.3% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in Russia available is US$ 1.14 per kg (91.95 RUB), up 59.3% year-on-year.
Russia is a significant exporter of soyabean oil, ranking 6th among 82 exporters in 2021 with exports valued at US$493.6 million (432,569 tonnes), accounting for 4.0% of global exports and showing a 20.1% year-on-year increase. The country produced 1,015,900 tonnes of soyabean oil in 2023, ranking 7th globally and representing 1.3% of world output, with a 23.1% annual growth. The latest export unit value is US$1.1411 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Russia
Russia is a significant exporter of soyabean oil, ranking 6th among 82 exporters in 2021 with exports valued at US$493.6 million (432,569 tonnes), accounting for 4.0% of global exports and showing a 20.1% year-on-year increase. The country produced 1,015,900 tonnes of soyabean oil in 2023, ranking 7th globally and representing 1.3% of world output, with a 23.1% annual growth. The latest export unit value is US$1.1411 per kg.
Exports UN Comtrade · 2021
In 2021, Russia exported $493.6M (432.6 kt) of soyabean oil▲ 20.1% YoY. That ranks #6 worldwide (4% of global exports).
Export value by year (US$)
Export volume by year
Top soyabean oil exporters worldwide UN Comtrade · 2021
- #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 $310.7M · 3.5%
Annual export data Russia · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2021 | $493.6M | 432.6 kt | $1.14 |
| 2020 | $410.8M | 573.5 kt | $0.72 |
Production FAOSTAT · 2023
Russia produced 1.02 Mt of soyabean oil in 2023▲ 23.1% YoY. It ranks #7 among producing countries (1.3% 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.