Price for Soybean in South Korea

Get price analysis and market insights for South Korea Soybean with Tridge.

Wholesale prices of Soybean in South Korea

Recent wholesale prices

Over the past 4 weeks, the wholesale price of South Korea Soybean has typically been between $0.55 and $1.59 USD per kg, or $0.25 to $0.72 USD per pound (lb).

These prices are based on reports from regions such as Namdong-gu, Yuseong-gu, Daedeok-gu, Bupyeong-gu, Changwon-si

Period Period	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
Past 4 weeks	$0.55/kg	$0.25/lb	$1.59/kg	$0.72/lb

Historical wholesale price trends

The wholesale price of South Korea Soybean has followed a downward trend over the past two years, influenced by evolving market conditions. In 2023, wholesale prices varied between $0.62 USD per kg and $2.59 USD per kg. However, by 2024, wholesale prices declined to a new range of $0.60 to $1.98 USD per kg, signaling reduced demand or increased supply for South Korea Soybean.

Year Year	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
2024	$0.60/kg	$0.27/lb	$1.98/kg	$0.90/lb
2023	$0.62/kg	$0.28/lb	$2.59/kg	$1.17/lb
2022	$0.60/kg	$0.27/lb	$2.16/kg	$0.98/lb

Reported on Reported on	Specifications Specifications	Price (USD/kg) Price (USD/kg)	Reported price Reported price
2025-01-23	High Quality(grade)	$1.11/kg	KRW 8,000/5 kg
2025-01-23	Excellent Quality(grade)	$0.56/kg	KRW 3,200/Box (4 kg)
2025-01-23	-	$0.56/kg	KRW 8,000/Box (10 kg)

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Export prices of Soybean in South Korea

Recent export records

On 2023-10-31, Soybean reported as "SAJODAERIM SOYBEAN CAKE, SAJODAERIM FRIED TOFU" was exported by a company in South Korea to a company in Philippines.

See the table below for more recent transactions.

Date Date	Unit price Unit price	Reported product name Reported product name	Exporter Exporter	Origin Origin	Importer Importer	Destination Destination
2023-10-31	$000/kg	SAJODAERIM SOYBEAN CAKE, SAJODAERIM FRIED TOFU	Company name	South Korea	Company name	Philippines
2023-10-03	$000/kg	SAJODAERIM SOYBEAN CAKE, SAJODAERIM FRIED TOFU	Company name	South Korea	Company name	Philippines
2023-09-19	$000/kg	SAJODAERIM SOYBEAN CAKE, SAJODAERIM FRIED TOFU	Company name	South Korea	Company name	Philippines

To access detailed information, including unit prices and company names, get full access to our Transaction Data.

Import prices of Soybean in South Korea

Historical import price trends

The import price of Soybean to South Korea has fluctuated over the past two years, reflecting shifting market trends. In 2023, import prices ranged from $0.76 USD per kg to $0.89 USD per kg. By 2024, price volatility persisted, with prices continuing to vary between $0.62 USD and $1.98 USD per kg, indicating ongoing market instability for Soybean imports to South Korea.

Year Year	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
2024	$0.62/kg	$0.28/lb	$1.98/kg	$0.90/lb
2023	$0.76/kg	$0.34/lb	$0.89/kg	$0.40/lb
2022	$0.93/kg	$0.42/lb	$2.70/kg	$1.23/lb

Recent import records

On 2024-12-26, Soybean reported as “[두류가공품] 탈지대두__DEFATTED SOYA FLAKES TOASTED” was imported by a company in South Korea from a company in India.

See the table below for more recent transactions.

Date Date	Unit price Unit price	Reported product name Reported product name	Exporter Exporter	Origin Origin	Importer Importer	Destination Destination
2024-12-26	$000/kg	[두류가공품] 탈지대두__DEFATTED SOYA FLAKES TOASTED	Company name	India	Company name	South Korea
2024-12-17	$000/kg	[두류가공품] 탈지대두__DEFATTED SOYA FLAKES TOASTED	Company name	India	Company name	South Korea
2024-12-16	$000/kg	[두류가공품] 탈지대두__DEFATTED SOYA FLAKES TOASTED	Company name	India	Company name	South Korea

To access detailed information, including unit prices and company names, get full access to our Transaction Data.

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FAQ for Soybean price in South Korea

What is the HS code for Soybean?

The HS code for Soybean is 120100 - Soya beans; whether or not broken, 120110 - Soya beans; seed, whether or not broken, 120190 - Soya beans; other than seed, whether or not broken.

What varieties are there for Soybean in South Korea?

Tridge offers domestic price data for a range of Soybean varieties, including Unspecified, Edamame, Seoritae, Chamame, Yuagari Musume, Hybrid - Edamame, Hiden, Tanba Kuromame, Madlen, Edamame - Edatsuki, Vegetable Type, Nyala, Edamame - Murasaki-zukin, Edamame - Akita Kaori Goyo, Edamame - Kyo Natsuzukin, Yak-Kong, Grobogan, Kyahanya, Indian Variety - Desi. For Soybean in South Korea, price data is available for varieties such as Seoritae, Edamame, Unspecified, Yak-Kong.

Where does Tridge source its price data?

Tridge gathers price data from over 400 trusted global sources, including government public sources, producers, traders, and local industry experts. We ensure data accuracy through both human oversight and cutting-edge AI technology, which helps manage missing values, detect outliers, and standardize currency and units.

How are the low and high prices for South Korea Soybean calculated?

The low and high prices are calculated from South Korea data for Soybean during the selected period, showing the typical price range after excluding outliers. Please note that trends may differ when analyzed in more detail, such as by product variety, company, or specific timeframes.

How much price data is available for Soybean on Tridge?

In the past 6 months, 982 Soybean price entries were updated for South Korea. Visit our Data Availability page for more detailed information.

How much transaction data is there for Soybean in South Korea in Tridge?

We have 226 transaction records for Soybean in South Korea. Visit our About Transaction Data page to explore its features.