# Soybean meal in Russia has risen in price against the background of the weakening of the ruble

> Average soybean meal prices in Russia rose nearly 6% in a week to about 57 rubles per kilogram as the ruble weakened against the dollar. World soybean meal prices fell 9.5% over the same week to $403 per ton.

- Date: 2023-08-21 · published 2023-08-21T12:00:00.000Z
- Category: macro · region Russia · magnitude low
- Page: https://feedsoft.ai/events/34669-soybean-meal-in-russia-has-risen-in-price-against-the-background-of-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Currency depreciation lifts Russian domestic feed costs while the lower world price signals softer global meal demand, so the net effect on international prices is bearish.

## Read by commodity

- SBM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-10-29 | [The sharp fall in the real exchange rate has caused soybean meal prices to collapse in Brazil and China, which is increasing pressure on prices in Ukraine.](https://feedsoft.ai/events/1392-the-sharp-fall-in-the-real-exchange-rate-has-caused-soybean-meal-prices-to.md) | -3.3% | — |
| SBM | 2024-11-29 | [What is happening to BRL as the Brazilian Real collapses against the US Dollar](https://feedsoft.ai/events/27617-what-is-happening-to-brl-as-the-brazilian-real-collapses-against-the-us-dollar.md) | -1.3% | +2.2% |
| SBM | 2022-05-31 | [In Depth: Behind the Yuan’s Tumble Against the Dollar - Caixin Global](https://feedsoft.ai/events/41602-in-depth-behind-the-yuan-s-tumble-against-the-dollar-caixin-global.md) | -5.5% | +1.5% |
| SBM | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | +3.7% | +11.0% |
| SBM | 2020-01-31 | [Coronavirus and current account deficit hit the Brazilian Real against the dollar — MercoPress](https://feedsoft.ai/events/55285-coronavirus-and-current-account-deficit-hit-the-brazilian-real-against-the.md) | -1.1% | +2.4% |

## Sources

- tridge.com: https://www.tridge.com/news/soybean-meal-in-russia-has-risen-in-price-against-

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