Soyabean Oil Prices in South Africa
| Variety | Market level | Price (US$/kg) | Local (ZAR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 34.49 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.28 | 24.95 | ▲ 9.4% | ▲ 9.4% | UN Comtrade (unit value) |
As of June 2026, the soyabean oil price in South Africa available is US$ 1.28 per kg (24.95 ZAR), up 9.4% year-on-year.
South Africa is a net exporter of soyabean oil, with exports in 2024 totaling US$104.9 million (89,400 tonnes), ranking #12 among 72 exporters and accounting for 1.2% of global exports, up 8.0% year-on-year. Production in 2023 reached 322,900 tonnes, placing South Africa at #21 globally with 0.4% of world output, up 7.7% from the previous year. The latest export unit value is US$1.284 per kg.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in South Africa
South Africa is a net exporter of soyabean oil, with exports in 2024 totaling US$104.9 million (89,400 tonnes), ranking #12 among 72 exporters and accounting for 1.2% of global exports, up 8.0% year-on-year. Production in 2023 reached 322,900 tonnes, placing South Africa at #21 globally with 0.4% of world output, up 7.7% from the previous year. The latest export unit value is US$1.284 per kg.
Exports UN Comtrade · 2024
In 2024, South Africa exported $104.9M (89.4 kt) of soyabean oil▲ 8% YoY. That ranks #12 worldwide (1.2% of global exports).
Export value by year (US$)
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 $310.7M · 3.5%
Annual export data South Africa · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $104.9M | 89.4 kt | $1.17 |
| 2023 | $97.1M | 71.5 kt | $1.36 |
| 2022 | $101.6M | 59.2 kt | $1.72 |
| 2021 | $79.9M | 53.5 kt | $1.49 |
| 2020 | $40.4M | 40.3 kt | $1 |
Production FAOSTAT · 2023
South Africa produced 322.9 kt of soyabean oil in 2023▲ 7.7% YoY. It ranks #21 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.