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China's Soybean Oil: Cheap Exports Flood India
27 Mar
Summary
- China's soybean oil surplus leads to competitive pricing.
- Chinese soybean oil is cheaper than from Argentina/Brazil.
- India is increasing soybean oil imports from China.

China is now a significant global supplier of soybean oil, often producing more than it needs. This surplus has driven down prices to a competitive $1,100 per tonne on a free-on-board basis. In January 2026, comparable prices from Argentina and Brazil were between $1,160 and $1,170 per tonne.
Lower logistics costs for shipments originating from China further enhance its appeal. Consequently, India has begun to import substantial volumes of soybean oil from China, capitalizing on the favorable price and shipping cost differentials compared to traditional suppliers.




