Product Name	Soybean Oil Price
HS Code	1507
Region/Countries for which Data is available	Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece, North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency	US$ (Data can also be provided in local currency)
Supplier Database Availability	Yes
Customization Scope	Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support	360-degree analyst support after service delivery

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Soybean, abbreviated soya, is a bean belonging to the native legume species of East Asia. It is an edible product that has many nutritional benefits. It is grown extensively and has several end-uses, including soy milk that is used to prepare tofu and its by-products, along with fermented soy foods like natto, soy sauce, fermented bean paste, and tempeh.

Soybean oil is a vegetable oil derived from the seeds of the soybean plant. It is among the most consumed cooking and vegetable oils.

Argentina, United States, Brazil, Netherlands, and Russia are the leading Soybean Oil producing countries across the world.

Key Details About the Soybean Oil Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Soybean Oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Soybean Oil price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Soybean Oil Price Trend:

The most significant industrial use soybean oil is as a cooking oil which is impacting its price trend. Processed soybean oil is used as a drying oil as well as a base for oil paints and printing inks (soy ink).

Chemicals derived from soybean oil, known as plant sterols, are used to treat high cholesterol. It also has applications as a nutritional supplement in intravenous feedings and can be used as a repellant for mosquitos.

Key Market Players:

• Bunge Limited
• The Archer Daniels Midland Company
• Cargill, Incorporated
• Adams Group
• CHS Inc.
• Grain Millers Inc

News and Events:

• September 12, 2022 – In the most recent report of World Agricultural Supply and Demand Estimates, the USDA lowered its projection for 2022 to 2023 soybean oil usage in the production of biofuel along with its estimation for 2021 to 2020 soybean use in biofuel production.

We Provide Lots of Industries Reports With Full Analysis, For That You Should Visit Our Procurement Resource Website, Apart From This, We Also Provide the Latest Price Trends of Various Products Including price of caustic soda and ammonium nitrate price trend.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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