# SunSirs: Negative Pressure, China Soybean Meal Market Fell by over 21%

> SunSirs reports China's soybean meal average price fell from 5,012 RMB/ton in early September to 3,956 RMB/ton on December 26, a drop of 21.07%. The decline is attributed to loose supply of imported soybeans, with record-level commercial inventories and steady imports.

- Date: 2023-12-27 · published 2023-12-27T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/32782-sunsirs-negative-pressure-china-soybean-meal-market-fell-by-over-21
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy Chinese soymeal supply and weak domestic demand push meal values lower, which pressures global soymeal export prices and feed ingredient costs for buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-16252.html

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