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  • How much does soybean oil cost?
  • As of 28 April, the Argentinian FOB Up River soybean oil was priced at 1,909.20 USD/MT and the Brazilian FOB Paranagua was priced at 1,902.59 USD/MT. These prices are likely to grow due to the disrupted black sea sunflower oil from Ukraine and the export ban by Indonesia.
  • How did soybean oil prices perform in the fourth quarter 2023?
  • The soybean oil prices showcased mixed market trend during the fourth quarter of the year 2023 in the Asian markets. In the indian domestic soybean oil market, the monthly average prices first decreased by about 4% from October to November of 2023 and then increased by about 12% in the next couple of months.
  • How much does soybean oil cost in Brazil?
  • Heat waves and subsequent droughts destroyed the soybean harvest leading to shortages in the market. As of 28 April, the Argentinian FOB Up River soybean oil was priced at 1,909.20 USD/MT and the Brazilian FOB Paranagua was priced at 1,902.59 USD/MT.
  • Why is the soybean oil price trend trending in Europe?
  • Further, the escalating rates of procurement due to the holiday season in the region also proved fruitful for the soybean oil price graph. In Europe, the surging cost of production due to the limited availability of soybeans and lower imports resulted in the inclination in the soybean oil price trend.
  • Where did soybean oil exports fall in Q4'23?
  • In October, Argentina, Brazil, Paraguay, and the United States saw a 10-year low in soybean oil exports. This was major because of the fall in production yields of the soy crop, particularly in Brazil. Overall, high-swinging market trend were witnessed for most of Q4’23.
  • Why did US soybean oil prices fluctuate in Q3?
  • US Soybean Oil prices fluctuated throughout the second half of 2022. Contrary to the global market prices started high here as the trade blockages in Europe caused the potential customers to shift to US market. Hence, the US Soybean Oil prices rose rapidly in the first half of Q3.