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Soybean Oil Pricing, Demand and Supply Overview
2025
Base Year
2023-2025
Historical Period
2026-2027
Forecast Period
Market Overview
Soybean oil prices in Germany, the highest-cost reporting region, rose 6.4% in H1 2026, recovering from USD 1.57/KG in Q1 to USD 1.67/KG by Q2 as South American crop tightening, firm biodiesel mandate demand, and Middle East freight premiums reversed the brief Q4 2025 new crop pressure softening. Globally, the average rose from USD 1.113/KG in Q1 to USD 1.180/KG in Q2, a 6.0% gain. For H2 2026, a global average of USD 1.20-1.36/KG is expected, with continued firming on supply disruptions and growing food, biodiesel, and oleochemical sector demand.
Soybean oil is produced through the mechanical pressing and solvent extraction of whole soybeans, with the United States, Brazil, and Argentina together accounting for the majority of global production. The soybean crush process simultaneously yields both soybean meal, the dominant protein ingredient in poultry and swine feed, and soybean oil, whose market value is determined by the oil-to-meal price ratio and downstream demand. The largest pull comes from food applications, where soybean oil serves as the most widely used cooking and salad oil in North America, East Asia, and South Asia. Additional demand comes from biodiesel and renewable diesel feedstock applications under US Renewable Fuel Standard and European Union renewable energy mandate obligations, industrial lubricant and hydraulic fluid formulations, oleochemical fatty acid and lecithin production, and food ingredient applications in margarines, shortenings, and commercial frying fats. Soybean crop yields in the US, Brazil, and Argentina, crude palm oil price benchmarks, biodiesel mandate blend levels, and protein meal demand from the livestock sector all feed into the price.
Soybean Oil Price Forecast for 2026
The balance of supply and demand for soybean oil through H2 2026 leans moderately firm. South American crop tightening from La Nina-related weather pattern impacts reduced Brazilian second-crop and Argentine soybean yields. Biodiesel and renewable diesel blending demand is growing under expanding US and European mandate obligations, and food sector demand continues to grow across South and Southeast Asian markets.
The main upside risk is a sharp South American crop shortfall alongside rapid expansion of renewable diesel production capacity in the United States. The main downside risk is an abundant US soybean crop combined with soft crude oil benchmarks that reduce biodiesel blending economics relative to petroleum diesel.
| Region | 2026 Price Range (USD/KG) | Outlook |
| Global Average | 1.20 - 1.36 | South American tightness and biodiesel demand support |
| United States | 1.28 - 1.44 | Steady food and renewable diesel demand holds it firm |
| China | 0.92 - 1.08 | Competitive import sourcing keeps it the most affordable |
| Germany | 1.66 - 1.82 | Higher energy and logistics costs keep it the most expensive |
| India | 1.22 - 1.38 | Growing food and biofuel demand holds a firm middle |
For the Quarter Ending June 2026
Soybean Oil Prices Q2 2026:
- United States: USD 1.37/KG
- China: USD 0.96/KG
- Germany: USD 1.67/KG
- India: USD 1.26/KG
Soybean Oil Prices in the United States
US soybean oil prices averaged USD 1.37/KG in Q2 2026, up 6.2% from USD 1.29/KG in Q1 2026. South American crop tightening and expanding renewable diesel production capacity lifted procurement. Biodiesel and food manufacturing demand maintained consistent buying through the quarter.
Why did the price of Soybean Oil change in Q2 2026 in the United States?
South American crop tightening elevated soybean oil import costs and tightened the domestic crush economics. Expanding renewable diesel production capacity increased feedstock demand from refiners. Biodiesel mandate compliance procurement and food manufacturing demand provided additional consistent buying support.
Soybean Oil Prices in China
Chinese soybean oil prices averaged USD 0.96/KG in Q2 2026, up 5.5% from USD 0.91/KG in Q1 2026, the lowest among the tracked markets. Spring food and cooking oil procurement lifted buying. South American freight premiums elevated import costs despite competitive multi-origin sourcing from Brazil and the United States.
Why did the price of Soybean Oil change in Q2 2026 in China?
Spring food and cooking oil procurement lifted buying from domestic crushers and importers. South American crop tightening and freight premiums elevated the imported soybean and soybean oil cost. Competitive multi-origin import sourcing from Brazil, the United States, and Argentina kept China the most affordable market.
Soybean Oil Prices in Germany
German soybean oil prices averaged USD 1.67/KG in Q2 2026, up 6.4% from USD 1.57/KG in Q1 2026, the highest among the tracked markets. South American freight premiums and European energy costs elevated the delivered cost. Food manufacturing and biodiesel mandate demand maintained consistent buying.
Why did the price of Soybean Oil change in Q2 2026 in Germany?
South American freight premiums elevated the European delivered cost of imported soybean oil. European renewable energy mandate biodiesel procurement lifted demand from energy sector buyers. Consistent food manufacturing and margarine sector demand maintained consistent procurement near USD 1.67/KG.
Soybean Oil Prices in India
Indian soybean oil prices averaged USD 1.26/KG in Q2 2026, up 5.9% from USD 1.19/KG in Q1 2026. Growing food and cooking oil demand supported buying. South American freight premiums elevated the landed import cost through the quarter.
Why did the price of Soybean Oil change in Q2 2026 in India?
Growing food and cooking oil demand lifted procurement from importers and domestic crushers. South American crop tightening and freight premiums elevated the landed import cost. Expanding biodiesel blending mandate demand provided additional buying from the energy sector.
For the Quarter Ending March 2026
Soybean Oil Prices Q1 2026:
- United States: USD 1.29/KG
- China: USD 0.91/KG
- Germany: USD 1.57/KG
- India: USD 1.19/KG
Soybean Oil Prices in the United States
US soybean oil prices averaged USD 1.29/KG in Q1 2026, recovering from the Q4 2025 new crop softening. Recovering biodiesel and food demand and firming crush economics held the market near USD 1.29/KG.
Why did the price of Soybean Oil change in Q1 2026 in the United States?
Recovering biodiesel mandate compliance and food manufacturing demand maintained consistent buying. Firming South American crop tightening signals raised the forward cost floor. The market recovered to USD 1.29/KG from the Q4 2025 new crop softening.
Soybean Oil Prices in China
Chinese prices averaged USD 0.91/KG in Q1 2026, recovering on the quarter. Post-Lunar New Year food restocking and firming import costs held the market near USD 0.91/KG.
Why did the price of Soybean Oil change in Q1 2026 in China?
Post-Lunar New Year food and cooking oil restocking lifted buying. Firming South American freight premiums raised the import cost floor. The market recovered to USD 0.91/KG from the Q4 2025 level.
Soybean Oil Prices in Germany
German prices averaged USD 1.57/KG in Q1 2026, recovering on the quarter. Biodiesel mandate and food manufacturing demand and firming freight and energy costs held the market near USD 1.57/KG.
Why did the price of Soybean Oil change in Q1 2026 in Germany?
Biodiesel mandate compliance and food manufacturing demand maintained buying. Firming South American freight premiums and energy costs raised the delivered cost floor. The market recovered to USD 1.57/KG from the Q4 2025 new crop softening.
Soybean Oil Prices in India
Indian prices averaged USD 1.19/KG in Q1 2026, recovering on the quarter. Recovering food demand and firming import costs held the market near USD 1.19/KG.
Why did the price of Soybean Oil change in Q1 2026 in India?
Recovering food and cooking oil demand maintained buying. Firming South American crop and freight premium signals raised the import cost floor. The market recovered to USD 1.19/KG from the Q4 2025 new crop pressure period.
Quarterly Soybean Oil Price Trends
Global soybean oil prices rose in Q3 2025 on the US harvest and biodiesel crush season, dipped in Q4 2025 on South American new crop supply, then recovered through Q1 and Q2 2026. The average rose from USD 1.080/KG in Q2 2025 to USD 1.102/KG in Q3, eased to USD 1.091/KG in Q4, then firmed to USD 1.113/KG in Q1 2026 and USD 1.180/KG in Q2 2026, a net gain of about 9.3% over the window. South American crop cycles, biodiesel mandate demand, and crude oil price benchmarks drove the pattern.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q2 2026 | 1.180 | +6.0% | ↑ Rising |
| Q1 2026 | 1.113 | +2.0% | ↑ Rising |
| Q4 2025 | 1.091 | -1.0% | ↓ Falling |
| Q3 2025 | 1.102 | +2.0% | ↑ Rising |
| Q2 2025 | 1.080 | - | - Stable |
| Q3 2026 | In Progress | - | - In Progress |
What was Soybean Oil Price in 2025?
Soybean oil prices followed a modestly firming path through 2025 with a brief Q4 new crop softening. The global average opened at USD 1.068/KG in Q1 2025 and closed near USD 1.091/KG in Q4, a full-year gain of about 2.2%. Biodiesel mandate demand, US crush season activity, and South American export logistics supported the consistent H2 recovery.
Soybean Oil Prices in the United States in 2025
US prices firmed from about USD 1.18/KG in Q1 2025 to USD 1.22/KG by Q4, a gain of 3.4%. Consistent biodiesel mandate and food demand and firming crush economics maintained the upward trend through the year.
Soybean Oil Prices in China in 2025
Chinese prices fell from roughly USD 0.88/KG in Q1 2025 to USD 0.86/KG by Q4, a decline of 2.3%. Competitive multi-origin import sourcing and adequate global soybean supply maintained the lowest price level throughout.
Soybean Oil Prices in Germany in 2025
German prices firmed from about USD 1.42/KG in Q1 2025 to USD 1.48/KG by Q4, a gain of 4.2%, the strongest in the dataset. European biodiesel mandate demand and firming freight and energy costs supported the market throughout the year.
Soybean Oil Prices in India in 2025
Indian prices firmed from roughly USD 1.08/KG in Q1 2025 to USD 1.12/KG by Q4, a gain of 3.7%. Growing food and biodiesel blending demand drove the consistent firming through the year.
How We Can Help
Expert Market Research: Your Source for Real-Time Soybean Oil Price Intelligence
Expert Market Research tracks soybean oil prices continuously across every major producing and consuming region. The team traces causation through South American and US crop cycle economics, biodiesel mandate demand dynamics, and food sector consumption trends. Contact Expert Market Research today for soybean oil pricing data, bespoke market analysis, and strategic procurement advisory.
Pricing Plans
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*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
Food applications as the most widely used cooking and salad oil in North America, East Asia, and South Asia take the largest share. Biodiesel and renewable diesel feedstock applications under US and European mandates, industrial lubricant and oleochemical production, and food ingredient use in margarines and shortenings also consume significant volumes.
The Q2 2026 average was USD 1.37/KG in the United States, USD 0.96/KG in China, USD 1.67/KG in Germany, and USD 1.26/KG in India. Germany remains the highest-priced market.
The global average rose from USD 1.113/KG in Q1 to about USD 1.180/KG in Q2, a gain of around 6.0%. South American crop tightening, renewable diesel capacity expansion, and biodiesel mandate demand drove the H1 2026 firming.
South American new crop supply from Brazil and Argentina increased global soybean availability. Post-US harvest procurement moderation and adequate crush margins reduced buying urgency before the H1 2026 recovery.
The global average is expected in the USD 1.20 to 1.36/KG range for H2 2026, with continued firming as South American crop tightening persists and renewable diesel and biodiesel demand grows under expanding mandate obligations.
Germany sits highest on freight and European energy costs, the United States and India hold a firm middle on food and biofuel demand, and China prices lowest on competitive multi-origin import sourcing.
This report is updated monthly. For real-time pricing intelligence, contact the Expert Market Research team directly.
Prices respond mainly to South American and US soybean crop yields, biodiesel and renewable diesel mandate levels, crude palm oil benchmark pricing, and livestock meal demand from the poultry and swine sectors. La Nina weather pattern forecasts for South America are a key signal.
Brazil and the United States together account for the majority of global soybean production and soybean oil export supply, followed by Argentina. Any South American crop shortfall ripples across global soybean oil markets within one quarter.
Buyers can use quarterly trends and forecasts to time food and biodiesel contracts around South American crop cycles, build cover when La Nina signals South American tightening, and monitor US crush margin economics as the primary domestic supply signal.
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