Global demand for soybean oil has grown by more than 20%.
Global soybean oil demand is rising, with August–October purchases of soy and palm oil offsetting lower sunflower oil imports. Monthly soybean oil imports hit a record 1.35 million tonnes in 2025, driven largely by India. However, expanding crushing capacity in Asia and North Africa is reducing import needs, keeping the market volatile.
Global demand for soybean oil continues to grow, and a significant increase in purchases of it and palm oils in August-October 2025 completely offset the decline in sunflower oil imports, Oil World (Germany) reports.
Analysts estimate that total global imports of the three main vegetable oils increased by approximately 1.2 million tonnes over the period.
Experts note that global soybean oil imports reached 1.35 million tons per month in January-October 2025, a record high and more than 20% higher than the same period last year. India’s share of global imports has increased to 35-39% in recent months.
However, in Pakistan, Bangladesh, Vietnam and a number of North African countries, the need for imported soybean oil has recently been declining due to the rapid growth in soybean processing volumes, which will continue to curb their demand for imported oil.
Analysts expect the market to remain volatile in the coming months, with demand uneven across different regions of the world.
Earlier, it was reported that India’s soybean and palm oil imports would increase due to lower prices. The largest buyer is expected to exceed last year’s record of 5.47 million tonnes in the new season.
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Source : Ukr Agro Consult
