Oil-Cake Resulting from the Extraction of Soya-Bean Oil Price Per Unit in Lithuania

Between 2010 and 2020, the price per unit of soya-bean oil-cake in Lithuania experienced fluctuations with notable increases in 2013 reaching 0.64 Euros per kg, followed by a decline stabilizing to around 0.50 Euros per kg in 2019 and 2020. The most significant year-over-year increase occurred in 2013 at an increase of approximately 20.75%. Over the last two years, the price showed stability with almost no variation, standing at 0.50 Euros per kg in 2023. The compound annual growth rate (CAGR) from 2016 to 2021 is negligible, indicating minimal average annual growth during this period.

Future trends to monitor include:

  • Soya bean market volatility due to geopolitical and climate factors
  • Changes in EU agricultural policies that might impact production costs
  • Alternatives and demand shifts for plant-based proteins affecting consumption
  • Technological advancements in extraction processes improving efficiencies and yields.

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