World Bank · Pink Sheet
Soybean oil
US crude degummed, Gulf export price
1,615 US$/tPrice · September 2026
-1.5%1 month
+39.3%12 months
+15.4%5 years
Monthly price since 2000
US$/t
Annual average price
US$/t
| Year | Price |
|---|---|
| 2025 | 1,140 |
| 2024 | 1,022 |
| 2023 | 1,119 |
| 2022 | 1,667 |
| 2021 | 1,386 |
| 2020 | 838 |
| 2019 | 766 |
| 2018 | 789 |
| 2017 | 851 |
| 2016 | 815 |
| 2015 | 756 |
| 2014 | 906 |
| 2013 | 1,055 |
| 2012 | 1,226 |
| 2011 | 1,298 |
| 2010 | 1,001 |
| 2009 | 853 |
| 2008 | 1,261 |
| 2007 | 886 |
| 2006 | 599 |
The last 24 months
US$/t
| Month | Price |
|---|---|
| September 2026 | 1,615 |
| August 2026 | 1,639 |
| July 2026 | 1,658 |
| June 2026 | 1,740 |
| May 2026 | 1,781 |
| April 2026 | 1,643 |
| March 2026 | 1,493 |
| February 2026 | 1,282 |
| January 2026 | 1,154 |
| December 2025 | 1,116 |
| November 2025 | 1,128 |
| October 2025 | 1,132 |
| September 2025 | 1,159 |
| August 2025 | 1,245 |
| July 2025 | 1,307 |
| June 2025 | 1,178 |
| May 2025 | 1,163 |
| April 2025 | 1,120 |
| March 2025 | 1,011 |
| February 2025 | 1,069 |
| January 2025 | 1,048 |
| December 2024 | 1,064 |
| November 2024 | 1,145 |
| October 2024 | 1,095 |
Who produces it: world production in 2023
Countries with recorded production: 107
FAOSTAT records no production for Grenada in 2023.
| Country | Tonnes | Share of world |
|---|---|---|
| China | 17,356,200 | 29% |
| United States | 12,227,000 | 20% |
| Brazil | 10,890,989 | 18% |
| Argentina | 5,275,641 | 8.8% |
| India | 2,093,000 | 3.5% |
| Russia | 1,015,900 | 1.7% |
| Mexico | 993,791 | 1.7% |
| Paraguay | 634,400 | 1.1% |
| Germany | 606,500 | 1.0% |
| Spain | 579,400 | 1.0% |
World production since 2000
Largest exporters in 2024
| Country | Tonnes | Share of world |
|---|---|---|
| Argentina | 5,617,875 | 44% |
| Brazil | 1,368,374 | 11% |
| Netherlands | 521,178 | 4.1% |
| Paraguay | 496,904 | 3.9% |
| Russia | 483,630 | 3.8% |
| United States | 456,241 | 3.6% |
| Bolivia | 427,097 | 3.4% |
| Ukraine | 386,805 | 3.0% |
| Türkiye | 385,444 | 3.0% |
| Spain | 330,734 | 2.6% |
Other food commodities
WheatMaizeRiceSoybeansPalm oilSunflower oilRapeseed oilCoffee, ArabicaCoffee, RobustaCocoaTeaSugarBananasOrangesBeefChicken
These are prices on international markets, in US dollars, not shop prices: changes take months to reach the shelves, and exchange rates, transport and local costs count just as much.
Source: World Bank Commodity Price Data (The Pink Sheet), update of 2 October 2026, CC BY 4.0 · Shelfpedia calculations: changes over one month, twelve months and five years.
Source: FAOSTAT, Crops and livestock products — production (update of 23 December 2025) and trade (update of 23 July 2026), compiled by FAO, CC BY 4.0 · Shelfpedia calculations: shares and ranks.