Soybeans is one of the most important oilseed crops in the world and are used for various purposes, such as making oil, animal feed, and food products. The global soybean market is dominated by a few key players in terms of production, export, and import.
The top producers of soybeans are the United States, Brazil, and Argentina. The United States is the largest producer of soybeans in the world, followed by Brazil and Argentina. Together, these three countries account for over 80% of the world’s soybean production. Other significant soybean producers include China, India, and Paraguay.
In terms of exports, Brazil is the largest soybean exporter in the world, followed by the United States and Argentina. Brazil exports approximately 50% of the world’s soybeans, while the United States and Argentina export around 35% and 10%, respectively.
The top soybean importers in the world are China, the European Union, and Mexico. China is the largest importer of soybeans, accounting for approximately 60% of global soybean imports. The European Union and Mexico import around 13% and 6% of the world’s soybeans, respectively.
The soybean market is affected by various factors, including weather conditions, government policies, and trade relations between countries. In recent years, there has been an increasing demand for soybeans due to the growing population and the increasing demand for plant-based protein. Additionally, soybeans have become an essential ingredient in animal feed, particularly for poultry and livestock.
Overall, the global soybean market is dominated by a few key players, with the United States, Brazil, and Argentina being the largest producers and exporters, and China being the largest importer. The market is expected to continue growing in the coming years, driven by increasing demand for soy-based products and the growing population.
Soybean prices are influenced by a variety of factors, including supply and demand, weather conditions, geopolitical issues, and government policies. As of September 2021, the global soybean market was facing a tight supply situation due to adverse weather conditions in some of the major producing regions.
Here are some of the soybean prices per kilo and per ton in different continents and countries as of September 2021:
United States: The average price of soybeans was around $12.50 per bushel, which translates to about $458 per metric ton.
Brazil: The price of soybeans was around $660 per metric ton.
Argentina: The price of soybeans was around $630 per metric ton.
France: The price of soybeans was around €520 per metric ton.
Germany: The price of soybeans was around €550 per metric ton.
China: The price of soybeans was around 4,750 yuan per metric ton.
India: The price of soybeans was around 56,000 rupees per metric ton.
South Africa: The price of soybeans was around 9,000 rand per metric ton.
Nigeria: The price of soybeans was around 340,000 naira per metric ton.
It’s important to note that these prices can vary depending on a number of factors, and may have changed since September 2021. Additionally, prices can vary within countries depending on factors such as region, quality, and market demand. It’s always a good idea to do your own research and consult with local experts to get the most up-to-date information on soybean prices.