On-the-Ground Updates

Price of Ghana's Non-GMO Soybean Oil up by 10% MoM in W12

Soybean

Sellassie Alorbu

Published Mar 23, 2023

The price of non-GMO soybean oil produced in Ghana has risen by almost 10% MoM in March 2023 due to an increase in the demand for non-GMO soybeans used in production at the various farm gates. In W12, the non-GMO Soybean oil price stood at USD 1550/MT compared to USD 1,400/MT in W8. Prices of the commodity are expected to keep rising in the domestic market as Ghana is entering the off-peak season.

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