# SunSirs: Due to Tight Supply of Raw Material, Soybean Meal Market Turns Warm

> China's soybean meal index was 89.13 on March 5 and spot prices rose about 4.7% since early February to around 2970 yuan/ton. Logistics blockages and expected sharp drops in soybean imports tightened raw material supply while feed demand from pig and poultry farms increased.

- Date: 2020-03-06 · published 2020-03-06T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/54213-sunsirs-due-to-tight-supply-of-raw-material-soybean-meal-market-turns-warm
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected lower soybean imports and firm feed demand support Chinese meal prices, which raises feed costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-1764.html

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