This statistic depicts the average annual prices for soybean oil from 2014 through 2026*. In 2023, the average price for soybean oil stood at 1,119 nominal U.S. dollars per metric ton.
Average prices for soybean oil worldwide from 2014 to 2026
(in nominal U.S. dollars per mt)
Characteristic
Price in nominal U.S. dollars per metric ton
2026*
1,053
2025*
1,020
2024*
1,030
2023
1,119
2022
1,667
2021
1,385
2020
838
2019
765
2018
789
2017
850
2016
815
2015
756
2014
906
02505007501,0001,2501,5001,7502,000
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World Bank. (October 29, 2024). Average prices for soybean oil worldwide from 2014 to 2026 (in nominal U.S. dollars per mt) [Graph]. In Statista. Retrieved May 09, 2025, from https://www.statista.com/statistics/675815/average-prices-soybean-oil-worldwide/
World Bank. "Average prices for soybean oil worldwide from 2014 to 2026 (in nominal U.S. dollars per mt)." Chart. October 29, 2024. Statista. Accessed May 09, 2025. https://www.statista.com/statistics/675815/average-prices-soybean-oil-worldwide/
World Bank. (2024). Average prices for soybean oil worldwide from 2014 to 2026 (in nominal U.S. dollars per mt). Statista. Statista Inc.. Accessed: May 09, 2025. https://www.statista.com/statistics/675815/average-prices-soybean-oil-worldwide/
World Bank. "Average Prices for Soybean Oil Worldwide from 2014 to 2026 (in Nominal U.S. Dollars per Mt)." Statista, Statista Inc., 29 Oct 2024, https://www.statista.com/statistics/675815/average-prices-soybean-oil-worldwide/
World Bank, Average prices for soybean oil worldwide from 2014 to 2026 (in nominal U.S. dollars per mt) Statista, https://www.statista.com/statistics/675815/average-prices-soybean-oil-worldwide/ (last visited May 09, 2025)
Average prices for soybean oil worldwide from 2014 to 2026 (in nominal U.S. dollars per mt) [Graph], World Bank, October 29, 2024. [Online]. Available: https://www.statista.com/statistics/675815/average-prices-soybean-oil-worldwide/
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