China’s Record Soybean Oil Stocks Shift Global Edible Oil Dynamics
Todaybhav Edible Oils Intelligence
4 Nov 2026 · 4 min read
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Heavy crush runs in coastal Chinese ports have pushed soybean oil reserves to multi-year highs, softening export premiums and altering import parity calculations for Indian vegetable oil refiners.
| Origin | Product | Purity / Spec | Term | Current Price | Prev Price |
|---|---|---|---|---|---|
| China (Dalian) | Soybean Oil Refined Bulk | Grade 1 Bulk Delivery | FOB | ¥8,120 / MT (~$1,120/MT) | ¥8,230 / MT |
| India (Kandla) | Crude Degummed Soybean Oil | Import Parity Landed | CIF | ₹1,180 / 10kg | ₹1,188 / 10kg |
| India (Indore) | Yellow Soybean Seed, APMC Modal | Kharif New Crop FAQ | Spot APMC | ₹4,650 / qtl | ₹4,630 / qtl |
| Brazil (Paranagua) | Raw Soybean Grain FOB | Export Grade Bulk | FOB | $415 / MT | $420 / MT |
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Prices & Port Parity
Coastal Chinese crushers have accelerated soybean processing following massive arrivals of Brazilian cargoes. Commercial port inventories of soybean oil reached 1.25 million metric tonnes this week, representing a 22% increase year-on-year.
The domestic impact for India is palpable: imported degummed soy oil CIF Kandla softened to ₹1,180 per 10kg, placing downward pressure on domestic refined vegetable oil margins while stabilizing retail edible oil prices ahead of winter.
30-Day Benchmark Trend
China’s Record Soybean Oil Stocks Shift Global Edible Oil Dynamics
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