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Soy Oil is a vegetables oil mainly extracted from Soybean. It is a common cooking oil. Printing inks and oil paints are also derived from processed soybean oil. It is also refined to make Refined Soy Oil.

Soy Oil or Crude Soy Oil is the main component extracted from Soybean. It is then refined through three stages: water degumming, chemical refining and physical refining.

Majority of Soya Bean produced are crushed and by-products made. Soy Oil of 18 percent and Soy meal of 88 percent is produced after crushing.
 

In India, soybean is a kharif crop that is sown in June; some states cultivate soybean twice a year. September-October is the harvesting period of soybean in India. Changes in the rainfall pattern affects the crop, as it mainly depends on rainfall.

Refined Soyoil Trading Markets:
Delhi(Delhi, ) Gujarat(Rajkot, Kandla, ) Madhya Pradesh(Indore, ) Maharashtra(Nagpur, Akola, Mumbai, Jalna, ) Rajasthan(Kota, Itawa, ) Telangana(Hyderabad, ) West Bengal(Kolkata, )
America is one of the largest consumers of edible oil; and nearly 65 percent of this is contributed by Soy Oil.

Main Soybean Oil producing states in India are Madhya Pradesh, Maharashtra, Rajasthan, Karnataka, Uttar Pradesh, Andhra Pradesh, Nagaland and Gujarat.

Top Soybean Oil producing countries are China, United States, Argentina, Brazil, European Union, India, Paraguay, Mexico, Russia and Bolivia.

Major Soybean Oil importing countries are India, China, Algeria, Bangladesh, Morocco, Peru, Iran, Egypt, Venezuela and Colombia.

Top global Soybean suppliers are Argentina, Brazil, United States, European Union, Paraguay, Russia, Bolivia, Malaysia, Ukraine and Canada.

Local trading hubs for Refined Soy Oil in India are

Maharashtra (Akola, Jalna, Mumbai)

Andhra Pradesh (Hyderabad)

Madhya Pradesh (Indore)

Gujarat (Kandla, Rajkot)

West Bengal (Kolkata)

Rajasthan (Kota, Nagpur) and Delhi

Refined Soy Oil is traded in the commodity futures market at National Multi-Commodity Exchange of India (NMCE) and National Commodity and Derivatives Exchange Ltd(NCDEX).


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