# Low demand for domestic feed, China's soybean meal market is weak and shrinking

> China's soybean meal average price fell to about 2800 yuan/ton on December 20, down roughly 7% since December 1. Rising arrivals of imported and domestic soybeans, higher crushing output and sluggish terminal feed demand are weighing on the market.

- Date: 2024-12-26 · published 2024-12-26T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/26940-low-demand-for-domestic-feed-china-s-soybean-meal-market-is-weak-and-shrinking
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavier crush supply and weak feed-industry buying push domestic meal prices lower, and the analyst expects a further slight decline. Cheaper Chinese meal also reduces import demand for competing South American meal.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- tridge.com: https://www.tridge.com/news/low-demand-for-domestic-feed-chinas-soybean--iqsygt

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.