Soybean Meal

Soybean meal is the most used vegetable protein feed as an animal feed ingredient. Soybean is sent for crushing to get oil and cake which is further sent to extraction for removal of residual oil and to obtain its meal.

Soybean meal is considered premium to other oilmeals due to high protein content. The Indian soybean extractions has a high profat content (49% - 50%) compared to a 44% profat content of China and other Western countries and is very well accepted in the international market.

United States, Brazil, Argentina, India are the major producers and exporters of soy meal in the world. Though China too is one of the major producer, it sometimes import it to fill its demand-supply gap.

South East Asia (Vietnam, Thailand, Indonesia, Philippines, Singapore, Malaysia etc.), Taiwan, China, South Korea, Japan & Gulf are major markets of Indian soybean meal. This year good demand has been generated from European countries also.

India use to export most of its soybean meal production but with local feed industry also growing the local consumption has also risen. The poultry industry is getting more and more organised in India due to its demand so the requirement for high protein meals has also gone up.

CBOT is the main futures platform for soy in the world. Indian soybean meal prices basically move in tandem with CBOT.

(Indicative Commodity Prices in US$ PMT FOB port (Breakbulk), India)

23 Oct - US$ 280-282
The prices dropped as soybean meal Cbot movements were negative yesterday as well the Indian rupee is on depriciating spree against dollar.

22nd Oct - US$ 288-292
The prices of soybean meal jumped up after the positive movement of Cbot futures. Indian soymeal mainly moves in conjuction with American market.

18th Oct - US$ 275-280
The negative movement of soymeal on Cbot is hurting the Indian prices too. The prices have gone down considerably in world market mainly due to offering on lower rates by Argentina.

15th Oct - US$ 280-285
The negative movement on Cbot and declining prices of Argentina are making Indian soybean meal prices to go downwards.

8th Oct - US$ 288-292
With the depriciating rupee the prices of soybean meal showed some decline today. The dollar has strengthened at the right time for soymeal exporters.

7th Oct - US$ 290-295
The crash on Cbot took its toll on Indian market too with soybean meal falling below the 300 mark. Good amount of order booking can be expected on this price level.

3rd Oct - US$ 325-335
The downward movement is mainly due to drop in Cbot soybean meal futures due to fears of global economic slowdown. Also this year the soybean production is higher compared to last year.

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