# Analysts: Soaring soybean demand could push up fishmeal prices

> Chinese demand is driving soybean prices sharply higher, and analysts say this could pull up fishmeal and fish oil prices as Peru's anchovy season ends. Fishmeal and soymeal compete as protein feed ingredients, so the soy rally spills over.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/49062-analysts-soaring-soybean-demand-could-push-up-fishmeal-prices
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher soybean costs and substitution demand for fishmeal could lift protein feed prices, raising costs for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- FISHMEAL: bullish ▲

## Sources

- intrafish.com: https://www.intrafish.com/feed/analysts-soaring-soybean-demand-could-push-up-fishmeal-prices/2-1-950967

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