Soybean Price & Market Intelligence
Assessment last updated 2025-11 ยท reassessed against supplier offers and lane data
Reference FOB, CIF and delivered market prices for Soybean imported into the GCC. Grade-level specifications, HS codes, producing origins and typical packaging โ sourced from Tradloc's verified market database.
| Grade | FOB USD/MT | HS code | 12-month change | Assessed |
|---|---|---|---|---|
| Non-GMO Food Grade | $620โ850 | 120190 | +1.1% | 2025-11 |
| GMO Crush | $430โ580 | 120190 | +11.0% | 2025-11 |
Non-GMO Food Grade
- Purity / Spec:
- Protein โฅ38% Non-GMO certified
- Form:
- Whole bean
- Packaging:
- 25 kg Bag, Jumbo Bag
- MOQ:
- 24 MT
- Producing countries:
- India, Ukraine, Canada
- Applications:
- Tofu / soymilk, Food processing
GMO Crush
- Purity / Spec:
- Oil โฅ18% Protein โฅ36%
- Form:
- Whole bean
- Packaging:
- Bulk
- MOQ:
- 5000 MT
- Producing countries:
- Brazil, Argentina, USA
- Applications:
- Oil crushing, Soybean meal
- Shelf Life:
- 12 months (dry, โค12% moisture)
- Category:
- Food Grain
- Common applications:
- Tofu / soymilk, Food processing, Oil crushing, Soybean meal
Soybean currently trades in a reference FOB band of USD 620โ850 per metric tonne, a spread of roughly 27% between the lowest and highest quoted origins. The width of that band is driven mainly by grade (Non-GMO Food Grade, GMO Crush), loading origin, packaging format and order size. On a CIF basis into GCC ports, ocean freight, bunker surcharges and destination terminal handling typically add a further layer on top of FOB, and duty plus VAT are applied at the port of entry. Tradloc refreshes these reference ranges from supplier offers and lane data, so use them as a negotiation baseline rather than a settled contract price.
Commercial cargoes of Soybean reaching the GCC are sourced primarily from India, Ukraine, Canada, Brazil, Argentina, USA. Saudi Arabia, the UAE and Iraq are the largest GCC-region importers by volume, with Kuwait, Qatar, Oman and Bahrain sourcing through Jebel Ali and Jeddah distribution hubs. Origin choice materially changes delivered cost: shorter lanes from India, Iran and the wider Middle East usually land cheaper on freight but can carry tighter grade availability, while Far East and European origins often offer wider specification choice at higher freight and longer transit.
Soybean is normally classified under HS 120190. GCC members apply the Unified Customs Tariff, so the same heading generally applies across UAE, Saudi Arabia, Oman, Qatar, Kuwait and Bahrain, with Iraq operating its own tariff schedule. Confirm the final code with your customs broker against the exact specification, purity and packaging on the commercial invoice, because a change of grade can shift the subheading and the duty rate that applies.
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