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Answered 2012-08-20 01:50:17

In August 2012, bulk Chinese soybean oil costs around $1,000-1,500 per tonne, depending on quantity, quality of refinement and provider.

American soybean oil is slightly more expensive, going as far up as $1,800 per tonne.

The high demand of soybean oil for biodiesel production will keep the prices rising for the foreseeable future.

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