Uses of Soybean Oil
– Soybean oil is one of the most important edible oils used in India.
– Used in cooking and frying foods. Margarine is a product made from soybean oil. Salad dressings and mayonnaises are made with soybean oil.
– Some foods are packed in soybean oil (tuna sardines, etc.), baked breads, crackers, cakes, cookies and pies usually have soybean oil in them.
– Lecithin is a product extracted from soybean oil, and it is a natural emulsifier and lubricant.

Factors influencing the price
– Production dependence upon agro-climatic conditions e.g., rainfall, temperature etc.
– Concentration of production base in few countries (USA, Argentina, Brazil) as against its widespread consumption base
– Its close link with its internationally traded substitutes (Palm, Mustard oil), and its base raw material (soybean) in addition to its co-derivative (soy meal)
– The crush margin between Oil, Meal and seed
– Government Import Policy
– The nature of the existing long drawn value chain.