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

> 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.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/32216-soyameal-offtake-by-domestic-feed-food-sectors-down-in-oct-dec-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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

## Read by commodity

- SBM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-10-28 | [Soyameal carry-forward stocks for 2026-27 estimated at 1.93 lakh tonnes by trade body - The HinduBusinessLine](https://feedsoft.ai/events/136-soyameal-carry-forward-stocks-for-2026-27-estimated-at-1-93-lakh-tonnes-by.md) | -3.8% | — |
| SBM | 2017-03-25 | [Import of soymeal, key feed ingredient, on the decline \| The Daily Star](https://feedsoft.ai/events/72072-import-of-soymeal-key-feed-ingredient-on-the-decline-the-daily-star.md) | -3.1% | -0.6% |
| SBM | 2020-01-21 | [China data shows African swine fever impact on domestic pork sector - Just Food](https://feedsoft.ai/events/55073-china-data-shows-african-swine-fever-impact-on-domestic-pork-sector-just-food.md) | -0.9% | -2.8% |
| SBM | 2022-05-10 | [China Feed Industry Association: Four measures to combat the cost soaring of domestic feed ingredients](https://feedsoft.ai/events/41394-china-feed-industry-association-four-measures-to-combat-the-cost-soaring-of.md) | +0.5% | -0.6% |
| SBM | 2023-07-17 | [China's Q2 Pork Output Highest for the Period in at Least a Decade - Pork Business](https://feedsoft.ai/events/35027-china-s-q2-pork-output-highest-for-the-period-in-at-least-a-decade-pork-business.md) | +3.6% | +2.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/soyameal-offtake-by-domestic-feed-food-sectors-down-in-oct-dec/article67789226.ece

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