# Soybean meal prices in Thailand will remain high

> Thai Feed Mills Association says soybean meal prices in Thailand will stay high until April because processing plants delayed imports amid high prices. Ex-factory soybean meal was USD 0.6/kg as of February 20 versus CBOT at USD 0.39/kg. A 10-15% decline in feed protein prices is expected midway through Q2 as supply rises and demand, especially from China, weakens.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: trade · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/31752-soybean-meal-prices-in-thailand-will-remain-high
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Import delays keep Thai domestic meal prices elevated near term, while the expected supply build and softer Chinese demand point to lower feed protein prices later in Q2.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -0.7% | -2.6% |
| SBM | 2021-01-27 | [The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower](https://feedsoft.ai/events/49249-the-sharp-rise-in-prices-of-soybean-oil-will-support-prices-for-sunflower-oil.md) | -0.9% | -1.8% |
| SBM | 2018-05-24 | [Soybean meal: Dollars and trade talks drive prices](https://feedsoft.ai/events/65097-soybean-meal-dollars-and-trade-talks-drive-prices.md) | -1.4% | -12.8% |
| SBM | 2024-07-23 | [Soybean and meal prices rise: US election campaign and](https://feedsoft.ai/events/12833-soybean-and-meal-prices-rise-us-election-campaign-and.md) | +2.7% | -8.3% |
| SBM | 2025-10-31 | [In recent weeks, prices for soybean meal across Europe have sharply increased.](https://feedsoft.ai/events/5766-in-recent-weeks-prices-for-soybean-meal-across-europe-have-sharply-increased.md) | -0.1% | -0.8% |
| SOY | 2026-06-08 | [China soybean meal prices hit multi-year lows](https://feedsoft.ai/events/5194-china-soybean-meal-prices-hit-multi-year-lows.md) | -0.7% | +6.7% |
| SOY | 2025-03-03 | [China soybean meal prices rise amid mutual duty discussions](https://feedsoft.ai/events/25659-china-soybean-meal-prices-rise-amid-mutual-duty-discussions.md) | -0.1% | +1.1% |
| SOY | 2023-02-03 | [Soybean prices in Ukraine are falling against the backdrop of reduced export demand](https://feedsoft.ai/events/12881-soybean-prices-in-ukraine-are-falling-against-the-backdrop-of-reduced-export.md) | -1.0% | -0.2% |

## Sources

- tridge.com: https://www.tridge.com/news/soybean-meal-prices-in-thailand-will-remain-high

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