Products - Degummed Soy Oil

Degummed Soy Oil is the intermediate product between crude or solvent soy oil and refined soy oil. 80% of soy oil produced globally is used for edible purpose, but in India 100% of soy oil produced is used for edible purpose.

India is the largest importer of Degummed Soy Oil.

India is the largest importer of Degummed Soy Oil. Almost 75% of domestic demand of Soy Oil is met by imports. Degummed Soy Oil import is around 20% of total annual edible oil demand. Import of degummed soy oil in India is majorly from Argentina, Brazil and USA and the major ports of arrival are Kandla, Haldia, and Mundra port. As degummed soy oil is imported, its price is completely dependent on price at originating countries. Soybean price in domestic market and price of other vegetable oils in domestic market are highly related with the import parity of degummed soy oil.

Soybean oil prices in India are largely influenced by the international edible oil price movements (especially palm oil at BMD and soy oil at CBOT). For degummed soy oil, price at Kandla is considered to be the benchmark price.