Soybean oil is one of the most important edible oil used in India. Soybean oil in its crude form is the second most traded oil in international market after palm oil. Degummed (Crude) and Refined Soya oils are the two traded forms of the commodity in the spot as well as futures markets . India is the 5th largest producer of Soybean in the world. The major producers of Soybean are USA, Brazil, Argentina, China and India. About 85% of the soybean produce in the world is crushed and bi-products of soybean are derived. The demand for Soybean is mostly for its soya oil and soya meal.