◂ Event Timeline

Jan 29, 2024REPORTIndia

Soyameal offtake by domestic feed, food sectors down in Oct-Dec

SOPA data show Indian soymeal feed and food offtake fell in October to December 2023, and production dropped on lower crushing. Ex-factory soymeal prices in Indore have eased to about 39,500 to 40,000 rupees per tonne.

WHY IT MATTERS

Softer Indian demand and higher global supplies are weighing on domestic soymeal prices, which adds modest pressure on global meal values.

AFFECTSSoybean Meal▼

SOURCE
thehindubusinessline.comOur BureauJan 29, 2024

Price reaction & history

Soybean Meal▼bearishSO FAR1d +1.1%5d +1.7%20d -5.1%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

Oct 28, 2026Soyameal carry-forward stocks for 2026-27 estimated at 1.93 lakh tonnes by trade body - The HinduBusinessLine-3.8%
Mar 25, 2017Import of soymeal, key feed ingredient, on the decline | The Daily Star-3.1%
Jan 21, 2020China data shows African swine fever impact on domestic pork sector - Just Food-0.9%
May 10, 2022China Feed Industry Association: Four measures to combat the cost soaring of domestic feed ingredients+0.5%
Jul 17, 2023China's Q2 Pork Output Highest for the Period in at Least a Decade - Pork Business+3.6%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Soybean Meal SBM · GP ▸

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