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Price for Soybean Oil in Nigeria

Get price analysis and market insights for Nigeria Soybean Oil with Tridge.

Import prices of Soybean Oil in Nigeria

Historical import price trends

The import price of Soybean Oil to Nigeria has been declining in recent years due to shifting market conditions. In 2023, import prices ranged from $1 USD per kg to $1.21 USD per kg. By 2024, prices had dropped to a new range of $0.86 to $0.86 USD per kg, reflecting changes in demand or supply for Soybean Oil in Nigeria.
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
$0.86/kg
$0.39/lb
$0.86/kg
$0.39/lb
2023
$1/kg
$0.45/lb
$1.21/kg
$0.55/lb
2022
$1.36/kg
$0.62/lb
$1.74/kg
$0.79/lb

Recent import records

On 2025-01-31, Soybean Oil reported as “LOS DEMAS. LOS DEMAS. ACEITE DE SOJA (SOYA) Y SUS FRACCIONES, INCLUSO REFINADO, PERO SIN MODIFICAR QUIMICAMENTE. GRAS” was imported by a company in Nigeria from a company in Argentina.
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
2025-01-31
$000/kg
LOS DEMAS. LOS DEMAS. ACEITE DE SOJA (SOYA) Y SUS FRACCIONES, INCLUSO REFINADO, PERO SIN MODIFICAR QUIMICAMENTE. GRAS
Company name
Argentina
Company name
Nigeria
2025-01-31
$000/kg
LOS DEMAS. LOS DEMAS. ACEITE DE SOJA (SOYA) Y SUS FRACCIONES, INCLUSO REFINADO, PERO SIN MODIFICAR QUIMICAMENTE. GRAS
Company name
Argentina
Company name
Nigeria
2025-01-20
$000/kg
LOS DEMAS. LOS DEMAS. ACEITE DE SOJA (SOYA) Y SUS FRACCIONES, INCLUSO REFINADO, PERO SIN MODIFICAR QUIMICAMENTE. GRAS
Company name
Argentina
Company name
Nigeria
To access detailed information, including unit prices and company names, get full access to our Transaction Data.

FAQ for Soybean Oil price in Nigeria

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 Nigeria Soybean Oil calculated?
The low and high prices are calculated from Nigeria data for Soybean Oil 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 transaction data is there for Soybean Oil in Nigeria in Tridge?
We have 43 transaction records for Soybean Oil in Nigeria. Visit our About Transaction Data page to explore its features.

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