India Soybean Oil HS1507 Import Data 2025 July Overview

India Soybean Oil (HS 1507) 2025 July Import: Key Takeaways

India's July 2025 soybean oil imports (HS Code 1507) reveal a sharp divide in product grades, with Argentina supplying premium refined oil at higher unit prices while Nepal dominates volume with cheaper crude oil. The market shows concentrated sourcing from Argentina (54.4% value share) and Nepal (96% quantity share), creating dual supply chain risks. This analysis, covering July 2025, is based on verified Customs data from the yTrade database.

India Soybean Oil (HS 1507) 2025 July Import Background

What is HS Code 1507?

HS Code 1507 covers soybean oil and its fractions, whether or not refined, but not chemically modified. This product is a key edible oil widely used in food processing, cooking, and industrial applications due to its high smoke point and nutritional profile. Global demand remains stable, driven by population growth and the food industry’s reliance on affordable vegetable oils.

Current Context and Strategic Position

In July 2025, India’s soybean oil imports (HS Code 1507) faced a 45% Basic Customs Duty (BCD) alongside a 5% IGST and 10% social welfare surcharge, as per recent customs notifications [CYBEX]. A May 2025 policy adjustment reduced duties on crude soybean oil, signaling potential supply-side easing [DFPD]. India’s reliance on imports to meet domestic demand underscores the strategic importance of monitoring trade policies and global price trends for HS Code 1507 soybean oil in 2025. Market vigilance is critical amid fluctuating tariffs and rising import volumes.

India Soybean Oil (HS 1507) 2025 July Import: Trend Summary

Key Observations

India's soybean oil imports under HS Code 1507 in July 2025 surged to a value of $1.56 billion with a volume of 428.46 million kg, reflecting a sharp uptick in both metrics compared to previous months.

Price and Volume Dynamics

The monthly trend shows a steady climb in import value from $1.33 billion in January to $1.56 billion in July, with volume peaking at 428.46 million kg in July, up significantly from 228.51 million kg in June. This MoM volume jump of over 87% aligns with typical stock replenishment cycles in the edible oils sector, where importers often build inventories ahead of peak demand periods like the upcoming festive season. The consistent value increase, despite fluctuating volumes, suggests stable or rising global prices, but the July spike is primarily volume-driven, indicating aggressive buying rather than price inflation.

External Context and Outlook

The import surge is largely attributed to a reduction in Basic Customs Duty on crude soybean oil, implemented in May 2025 [Directorate of Food and Public Distribution], which made imports more cost-effective and encouraged higher volumes. This policy shift, part of India's broader strategy to manage edible oil supplies, likely fueled the July spike. Looking ahead, import levels may remain elevated if duty structures stay favorable, but market volatility could arise from global price shifts or domestic policy adjustments.

India Soybean Oil (HS 1507) 2025 July Import: HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, India's Soybean oil imports under HS Code 1507 in July 2025 are dominated by crude soybean oil, which accounts for over 90 percent of the import value. This product, described as crude soya-bean oil not chemically modified, has a unit price of 3.68 US dollars per kilogram, slightly higher than other variants. A minor sub-code with a unit price of 10.85 US dollars per kilogram is noted as an anomaly and isolated from further analysis.

Value-Chain Structure and Grade Analysis

The remaining imports fall into two categories: crude soybean oil and other refined or processed forms. This split indicates a trade in fungible bulk commodities, where crude oil is the primary import due to its high volume and value share, suggesting reliance on global commodity markets rather than differentiated products.

Strategic Implication and Pricing Power

For importers, the heavy reliance on crude soybean oil means pricing power is influenced by bulk market dynamics. The reduced import duties on crude oil, as reported by [APEDA Agri Exchange], support a strategic focus on this segment to manage costs in India's Soybean oil HS Code 1507 Import landscape for 2025 July.

Check Detailed HS 1507 Breakdown

India Soybean Oil (HS 1507) 2025 July Import: Market Concentration

Geographic Concentration and Dominant Role

In July 2025, India's import of Soybean oil under HS Code 1507 was dominated by Argentina, which accounted for 54.40% of the import value but 62.13% of the weight, indicating a higher unit price around $3.19 per kg and suggesting a supply of refined or premium-grade oil. Nepal, with a 96.03% share of quantity but only 9.43% of value, shows a much lower unit price of approximately $1.46 per kg, pointing to crude or lower-grade imports. This value-weight disparity highlights a clear split in product grades sourced by India.

Partner Countries Clusters and Underlying Causes

The import partners form two main clusters: Argentina and Brazil represent high-value, high-weight suppliers, likely due to their established roles as major soybean producers offering refined oils. Nepal is a distinct cluster with extremely high quantity but low value, possibly driven by geographic proximity and cost-effective crude oil trade. A third cluster includes the United States, Iraq, and others with smaller, varied shares, reflecting diversified sourcing for specific market needs or logistical advantages.

Forward Strategy and Supply Chain Implications

For importers, prioritizing Argentina and Brazil ensures access to premium grades, but cost-conscious strategies could leverage Nepal's crude oil, especially with the reduced basic customs duty on crude soybean oil noted in May 2025 [DFPD]. Supply chains should be flexible to handle grade variations, and monitoring duty changes from sources like DFPD will be key for pricing and sourcing decisions in the India Soybean oil HS Code 1507 Import 2025 July context.

Table: India Soybean Oil (HS 1507) Top Partner Countries (Source: yTrade)

Get Complete Partner Countries Profile

India Soybean Oil (HS 1507) 2025 July Import: Action Plan for Soybean Oil Market Expansion

Strategic Supply Chain Overview

India's Soybean oil Import 2025 July under HS Code 1507 is dominated by crude oil, reflecting a commodity market. Price drivers include quality grade variations, with Argentina supplying higher-priced refined oil and Nepal offering lower-priced crude oil. Geopolitical factors like import duties, such as the reduced basic customs duty on crude oil, heavily influence costs. Global commodity indices and bulk market dynamics also drive prices. Supply chain implications focus on supply security, requiring diversified sourcing to mitigate risks from concentrated buyers and partners. India acts as a processing hub, importing crude oil for refinement, necessitating flexible logistics to handle grade differences and policy changes.

Action Plan: Data-Driven Steps for Soybean oil Market Execution

• Monitor import duty changes using official sources like DFPD. This helps adjust pricing strategies quickly to manage costs in the India Soybean oil Import 2025 July context under HS Code 1507.
• Analyze buyer frequency data to identify high-value, high-frequency clients. Focus on nurturing these relationships to ensure stable revenue, reducing vulnerability to demand shifts.
• Track geographic sourcing patterns with trade data to balance premium and cost-effective suppliers. This ensures supply security and cost efficiency by leveraging partners like Argentina and Nepal.
• Use HS code sub-category analysis to optimize inventory levels based on product specialization. Prevent overstock by aligning stocks with dominant crude oil imports under HS Code 1507.
• Implement real-time data alerts for market shifts in global soybean oil indices. Respond promptly to price fluctuations and maintain competitive edge in bulk purchases.

Take Action Now —— Explore India Soybean oil Import Data

Frequently Asked Questions

Q1. What is driving the recent changes in India Soybean oil Import 2025 July?

The surge in imports is driven by a sharp 87% MoM volume increase in July, likely due to stock replenishment ahead of festive demand and reduced customs duties on crude soybean oil, making imports more cost-effective.

Q2. Who are the main partner countries in this India Soybean oil Import 2025 July?

Argentina dominates with 54.40% of import value, followed by Nepal (9.43% value but 96.03% quantity) and Brazil, reflecting a split between premium and crude oil suppliers.

Q3. Why does the unit price differ across India Soybean oil Import 2025 July partner countries?

Price differences stem from product grades: Argentina supplies refined oil at ~$3.19/kg, while Nepal’s crude oil trades at ~$1.46/kg, with a niche sub-code priced at $10.85/kg as an outlier.

Q4. What should importers in India focus on when buying Soybean oil?

Importers should prioritize high-volume buyers (90.77% of trade value) for stable revenue but diversify into smaller segments to mitigate reliance on bulk commodity markets.

Q5. What does this India Soybean oil import pattern mean for overseas suppliers?

Suppliers like Argentina and Brazil benefit from steady demand for premium oil, while Nepal’s cost-effective crude oil appeals to price-sensitive importers, creating dual opportunities.

Q6. How is Soybean oil typically used in this trade flow?

Soybean oil is primarily imported as a bulk commodity (90% crude oil) for refining and distribution in India’s edible oils market, with minor specialized variants.