Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Explore Our Diverse Range Of Offerings
From detailed reports to experts services offered in 15+
Industry Domains
Add 2 More Reports For 20% off
Refined Soybean Oil Prices, Demand and Supply Overview
India paid the most for refined soybean oil in Q2 2026: USD 1,425/MT, up 4.6% from USD 1,362 in Q1. Refined soybean oil is crude soybean oil processed through degumming, neutralisation, bleaching, and deodorising into the stable, neutral-flavoured oil used across cooking, salad oil, and food manufacturing applications, functionally similar to the RBD soybean oil this pipeline also tracks under its export-market terminology.
The United States and Brazil, the two largest soybean crushing nations, supply the bulk of global refined soybean oil either directly or as crude oil refined domestically by importing countries, giving both substantial influence over global pricing. China refines a significant share of its soybean oil from imported crude, both from South America and from domestically crushed imported soybeans, giving Chinese demand an outsized influence on global soybean trade flows beyond the oil market alone.
India's near-total reliance on imported soybean oil and crude soybeans, combined with its own import duty structure, keeps Indian pricing consistently the highest of the four markets tracked here. Because soybean oil competes directly with palm, sunflower, and other vegetable oils across most food applications, its pricing responds to conditions across the broader global vegetable oil complex in addition to its own specific soybean crush cycle.
India ran roughly 20% above Brazil, the least expensive of the group, in Q2 2026. Sourcing teams comparing origins should treat that gap as a starting point, not the full picture, since freight and duty costs still need adding on top.
Refined Soybean Oil Price Forecast for 2026
Expect steady gains across all four markets through H2 2026 as domestic food manufacturing demand continues its gradual growth. Brazil should retain its position as the most competitively priced origin given its large-scale, export-oriented crush industry. India's import-driven premium should persist given the country's near-total reliance on imported material. US and Brazilian biodiesel blending policy developments remain worth watching, given both countries' growing use of soybean oil as a biofuel feedstock competing with food-grade refining.
The 4-region average rose 4.4% between the first and second quarters of 2026. We see little reason for that trend to reverse through H2, barring a genuine shift in the factors driving it.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 1,274 - 1,406 | Balance of regional supply and demand conditions |
| United States | 1,242 - 1,370 | Firm domestic food manufacturing demand met competing biodiesel blending requirements |
| Brazil | 1,152 - 1,271 | Strong export demand kept Brazilian pricing the most competitive of the four markets even as it rose in step with the group |
| China | 1,321 - 1,457 | Growing domestic demand and import restocking kept Chinese pricing climbing |
| India | 1,382 - 1,525 | Tightening global supply expectations and import duty costs kept India at the top of this group |
For the Quarter Ending June 2026
Refined Soybean Oil Prices Q2 2026:
- United States: USD 1,280/MT
- Brazil: USD 1,188/MT
- China: USD 1,362/MT
- India: USD 1,425/MT
Refined Soybean Oil Prices in United States
USD 1,280/MT. That is where United States landed in Q2 2026, up 4.2% from USD 1,228/MT in Q1 2026, putting it the 3rd most expensive of the 4 markets tracked this quarter.
Why did the price of Refined Soybean Oil change in Q2 2026 in United States?
Firm domestic food manufacturing demand met competing biodiesel blending requirements, supporting a firm increase, with United States now sitting about 2.6% below the 4-region average this quarter.
United States has averaged 1.9% a quarter over the six quarters this report tracks; this move came in faster than that longer-run pace.
Refined Soybean Oil Prices in Brazil
Brazil's price gained 4.4% to USD 1,188/MT, strong export demand kept Brazilian pricing the most competitive of the four markets even as it rose in step with the group, making it the most affordable of the 4 markets tracked here this quarter.
Why did the price of Refined Soybean Oil change in Q2 2026 in Brazil?
Strong export demand kept Brazilian pricing the most competitive of the four markets even as it rose in step with the group, which puts Brazil roughly 9.6% below the average across the 4 regions this report tracks.
Set against a 1.9% average quarterly pace over the six quarters this report tracks, Brazil's move this quarter landed faster than that trend.
Refined Soybean Oil Prices in China
In Q2 2026, China priced at USD 1,362/MT, up 4.4% from USD 1,305/MT the previous quarter, ranking it the 2nd most expensive among the 4 markets this report follows.
Why did the price of Refined Soybean Oil change in Q2 2026 in China?
Growing domestic demand and import restocking kept Chinese pricing climbing, working out to China trading about 3.7% above this quarter's 4-region average.
Measured against China's own average pace of 2.0% a quarter across the six quarters this report tracks, this move came in faster than that pace.
Refined Soybean Oil Prices in India
India reached USD 1,425/MT in Q2 2026, tightening global supply expectations and import duty costs kept India at the top of this group, placing it the priciest across the 4 regions covered in this report.
Why did the price of Refined Soybean Oil change in Q2 2026 in India?
Tightening global supply expectations and import duty costs kept India at the top of this group, leaving India running roughly 8.5% above the 4-region average for the quarter.
That is faster than the 2.0% average quarterly move India has posted across the six quarters this report tracks.
For the Quarter Ending March 2026
Refined Soybean Oil Prices Q1 2026:
- United States: USD 1,228/MT
- Brazil: USD 1,138/MT
- China: USD 1,305/MT
- India: USD 1,362/MT
Refined Soybean Oil Prices in United States
USD 1,228/MT. That is where United States landed in Q1 2026, up 1.3% from USD 1,212/MT in Q4 2025, putting it the 3rd most expensive of the 4 markets tracked this quarter.
Why did the price of Refined Soybean Oil change in Q1 2026 in United States?
Early-year biodiesel blending demand supported a firm start to 2026, with United States now sitting about 2.4% below the 4-region average this quarter.
United States has averaged 1.9% a quarter over the six quarters this report tracks; this move came in slower than that longer-run pace.
Refined Soybean Oil Prices in Brazil
Brazil's price gained 1.3% to USD 1,138/MT, steady export demand carried prices higher as the new year began, making it the most affordable of the 4 markets tracked here this quarter.
Why did the price of Refined Soybean Oil change in Q1 2026 in Brazil?
Steady export demand carried prices higher as the new year began, which puts Brazil roughly 9.6% below the average across the 4 regions this report tracks.
Set against a 1.9% average quarterly pace over the six quarters this report tracks, Brazil's move this quarter landed slower than that trend.
Refined Soybean Oil Prices in China
In Q1 2026, China priced at USD 1,305/MT, up 1.4% from USD 1,287/MT the previous quarter, ranking it the 2nd most expensive among the 4 markets this report follows.
Why did the price of Refined Soybean Oil change in Q1 2026 in China?
Growing domestic consumption supported a firm start to 2026, working out to China trading about 3.7% above this quarter's 4-region average.
Measured against China's own average pace of 2.0% a quarter across the six quarters this report tracks, this move came in slower than that pace.
Refined Soybean Oil Prices in India
India reached USD 1,362/MT in Q1 2026, consistent import demand supported a modest early-year gain, placing it the priciest across the 4 regions covered in this report.
Why did the price of Refined Soybean Oil change in Q1 2026 in India?
Consistent import demand supported a modest early-year gain, leaving India running roughly 8.2% above the 4-region average for the quarter.
That is slower than the 2.0% average quarterly move India has posted across the six quarters this report tracks.
Quarterly Refined Soybean Oil Price Trends
The global average climbed steadily across the window, from USD 1,192/MT in Q1 2025 to USD 1,314 by Q2 2026, a gain of 10.2% over six quarters.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q2 2026 | 1,314 | +4.4% | ↑ Rising |
| Q1 2026 | 1,258 | +1.4% | ↑ Rising |
| Q4 2025 | 1,241 | +1.4% | ↑ Rising |
| Q3 2025 | 1,225 | +1.4% | ↑ Rising |
| Q2 2025 | 1,209 | +1.4% | ↑ Rising |
| Q1 2025 | 1,192 | - | - Stable |
| Q3 2026 | In Progress | - | - In Progress |
What was Refined Soybean Oil Price in 2025?
The global refined soybean oil average moved steadily through 2025, opening near USD 1,192/MT in Q1 and closing the year at USD 1,241, a 4.1% increase.
Refined Soybean Oil Prices in United States in 2025
United States prices moved from about USD 1,165/MT in Q1 2025 to USD 1,212 by Q4, up roughly 4.0%. That left United States ranked 3 of 4 tracked markets heading into 2026.
Refined Soybean Oil Prices in Brazil in 2025
Brazil prices moved from about USD 1,080/MT in Q1 2025 to USD 1,123 by Q4, up roughly 4.0%, placing Brazil 4 of 4 tracked markets as 2025 closed out.
Refined Soybean Oil Prices in China in 2025
China prices moved from about USD 1,235/MT in Q1 2025 to USD 1,287 by Q4, up roughly 4.2%. China closed the year ranked 2 of the 4 markets this report tracks.
Refined Soybean Oil Prices in India in 2025
India prices moved from about USD 1,290/MT in Q1 2025 to USD 1,344 by Q4, up roughly 4.2%, leaving India in 1 place among the 4 tracked markets heading into the new year.
How We Can Help
Expert Market Research: Your Source for Real-Time Refined Soybean Oil Price Intelligence
Our analysts track refined soybean oil pricing across every major producing and consuming region, working back from the headline number to the crude soybean oil costs and demand shifts actually driving it. That view gets refreshed regularly as new cost, policy, and demand data comes in.
Production capacity, feedstock cost trends, and regional demand signals all feed into our forecasts, which are built to support real procurement decisions like budgeting and supplier negotiation rather than serve as a single static reference point.
Our analysts can also provide a more granular regional breakdown, extended historical data beyond this report's six-quarter window, or a custom sourcing analysis built for your specific footprint.
We track domestic food-grade and biodiesel-linked demand as related but distinct threads, since blending mandate policy changes can shift available food-grade supply independently of the broader crush and harvest cycle.
Pricing Plans
Upto 15% Off
USD
-
$799 $699
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Key Questions Answered in the Report
Refined soybean oil is crude soybean oil processed through degumming, neutralisation, bleaching, and deodorising into the stable, neutral-flavoured oil used across cooking, salad oil, and food manufacturing applications, functionally similar to the RBD soybean oil this pipeline also tracks under its export-market terminology.
In Q2 2026, it averaged USD 1,280/MT in United States, USD 1,188/MT in Brazil, USD 1,362/MT in China, USD 1,425/MT in India, with India the priciest of the 4 markets tracked in this report.
The global average moved from USD 1,241/MT in Q4 2025 to USD 1,258 in Q1 2026, then to USD 1,314 by Q2, a 5.8% increase across the two quarters.
Firm domestic food manufacturing demand met competing biodiesel blending requirements. The other regions in this report saw broadly comparable pressures, though the specific mix of supply and demand drivers varied from market to market.
Expect steady gains across all four markets through H2 2026 as domestic food manufacturing demand continues its gradual growth.
Regional pricing spans from Brazil at the low end to India at the high end among the 4 markets tracked here. That range comes down mainly to production cost structure, import reliance, and how tight local demand is running, all of which can shift the ranking over time.
US, Brazilian, and Argentine soybean crush volumes, which together set the global supply baseline; Domestic cooking oil and food manufacturing demand across all four markets; Biodiesel blending competition for available crude oil supply in producing countries, along with broader macroeconomic conditions across the 4 regions this report tracks.
Refined soybean oil is crude soybean oil processed through degumming, neutralisation, bleaching, and deodorising into the stable, neutral-flavoured oil used across cooking, salad oil, and food manufacturing applications, functionally similar to the RBD soybean oil this pipeline also tracks under its export-market terminology.
Refined soybean oil and RBD, refined, bleached, and deodorised, soybean oil describe substantially the same processing outcome, though RBD is the terminology most commonly used in internationally traded export markets while refined soybean oil is a broader term that can cover a wider range of domestic refining specifications. Buyers should confirm the exact specification relevant to their own sourcing, since regional terminology conventions vary.
Monthly, though our analysts flag any material shift in feedstock costs or regional demand as soon as it emerges.
One Year Subscription
One Year Subscription
USD 799
USD 699
tax inclusive*
- Report in Excel Format
- 3 Months Price Forecast
- Historical Prices for the Past 3 Years
-
Summary Of Factors Influencing Prices
- Current Price Overview
- 3-Month Price Forecast
- Historical Price Summary
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Bundle Type
Flash Bundle
20% OFF
Number of Reports: 3
Small Business Bundle
25% OFF
Number of Reports: 5
Growth Bundle
30% OFF
Number of Reports: 8
Enterprise Bundle
35% OFF
Number of Reports: 10
Overview
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
- 3 Reports Included
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
- 5 Reports Included
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
- 8 Reports Included
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
- 10 Reports Included
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.