Soyabean Oil Prices in Brazil
| Variety | Market level | Price (US$/kg) | Local (BRL) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.78 | 8.87 | ▲ 8.0% | ▲ 52.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.04 | 5.21 | ▲ 12.2% | ▲ 12.2% | UN Comtrade (unit value) |
As of July 2026, the soyabean oil price in Brazil available is US$ 1.04 per kg (5.21 BRL), up 12.2% year-on-year.
Brazil is the world's second-largest exporter of soyabean oil, shipping 1,235,363 tonnes in 2024 and accounting for 12.7% of global exports, despite a 48.9% year-on-year decline. In 2023, Brazil produced 10,890,989 tonnes, ranking fourth globally and representing 14.1% of world output with a 24.1% increase from the previous year. The latest export price is US$1.0422 per kg. Brazil remains a net exporter of soyabean oil.
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Soyabean Oil Price History & Trend
Global benchmark (world reference) price for soyabean oil, US$ per kg.
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Production, Exports, Imports & HS Codes - soyabean oil in Brazil
Brazil is the world's second-largest exporter of soyabean oil, shipping 1,235,363 tonnes in 2024 and accounting for 12.7% of global exports, despite a 48.9% year-on-year decline. In 2023, Brazil produced 10,890,989 tonnes, ranking fourth globally and representing 14.1% of world output with a 24.1% increase from the previous year. The latest export price is US$1.0422 per kg. Brazil remains a net exporter of soyabean oil.
Exports UN Comtrade · 2024
In 2024, Brazil exported $1.15B (1.24 Mt) of soyabean oil▼ 48.9% YoY. That ranks #2 worldwide (12.7% of global exports).
Export value by year (US$)
Export volume by year
Top soyabean oil exporters worldwide UN Comtrade · 2024
- #1 Argentina $4.64B · 51.5%
- #2 Brazil $1.15B · 12.7%
- #3 Paraguay $409.2M · 4.5%
- #4 Turkey $348.5M · 3.9%
- #5 US $310.7M · 3.5%
Annual export data Brazil · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $1.15B | 1.24 Mt | $0.93 |
| 2023 | $2.25B | 2.14 Mt | $1.05 |
| 2022 | $3.58B | 2.41 Mt | $1.49 |
| 2021 | $1.73B | 1.46 Mt | $1.19 |
| 2020 | $590M | 928.7 kt | $0.64 |
Production FAOSTAT · 2023
Brazil produced 10.89 Mt of soyabean oil in 2023▲ 24.1% YoY. It ranks #4 among producing countries (14.1% of world output).
Production by year (tonnes)
HS Code
soyabean oil is traded under Harmonized System code 1507.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO). Values are official reported figures.