As a key player in the chemical supply chain industry, understanding the dynamics of raw material prices is crucial for effective business decision-making. One such raw material, soybean oil, plays a vital role in various sectors, from food production to biodiesel manufacturing. This article explores the current trends in soybean oil prices and how they are influencing the price of soya lecithin, another essential byproduct of soybeans.

The Current Soybean Oil Price Trend

In the second quarter of 2024, soybean oil prices as of the latest data:

Ukraine: $905 USD per metric ton (MT)

China: $920 USD per MT

According to Chemanalyst, soybean oil production has experienced an upward trend, with global output estimated to reach approximately 66 million tons for 2024-2025, which marks an increase of over 3 million tons.

For businesses in the chemical supply chain, understanding these price trends is essential, as fluctuations in the price of soybean oil directly affect the production costs of products derived from it, including soya lecithin.

The Connection Between Soybean Oil and Soya Lecithin

Soya lecithin is a valuable byproduct of soybean oil extraction and is widely used in various industries, including food, cosmetics, pharmaceuticals, and even animal feed. The production of soya lecithin is tightly linked to the availability and price of soybean oil. Lecithin is extracted during the processing of soybean oil, and any changes in soybean oil prices can directly impact lecithin prices.

Regional Variations and Their Impact

Regional price variations also play a critical role in the lecithin market:

United States: Soybean oil prices in the U.S. have been volatile, influenced by factors like low inventory and strong demand from biofuel production. This price volatility is felt across the lecithin market as manufacturers adjust to rising costs.

Asia Pacific: In China and other parts of the Asia-Pacific region, supply chain disruptions caused by weather conditions and rising input costs have led to higher soybean oil prices, which, in turn, have affected lecithin production costs.

Europe and Latin America: In Europe, the depreciation of the Euro against the USD and weather-related crop issues have contributed to rising soybean oil prices. Similarly, in Latin America, especially Argentina, the ongoing weather challenges and export price increases have influenced lecithin market prices globally.


Tradeasia International has been providing raw chemicals in various industries around the world. If you are looking for Soybean oil, Soya Lecithin, and many more to fulfill your specific business needs, contact our sales representative. We are here to support you in finding the best solutions for your requirements.