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

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.