◂ Event Timeline

Mar 25, 2017REPORTBangladesh

Import of soymeal, key feed ingredient, on the decline

The USDA projects Bangladesh's soymeal imports will fall over 23 percent to 350,000 tonnes in fiscal 2016-17 as domestic crushing expands. Domestic soymeal output is forecast to rise 8.5 percent in fiscal 2017-18.

WHY IT MATTERS

Bangladesh is replacing imported meal with locally crushed meal, reducing its demand for world soymeal exports and slightly pressuring export prices.

AFFECTSSoybean Meal▼

SOURCE
thedailystar.netSohel ParvezMar 25, 2017

Price reaction & history

Soybean Meal▼bearishSO FAR1d -0.9%5d -3.1%20d -0.6%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

Jan 9, 2023Report: China's soybean imports will decline by 2030 | Feed & Grain+1.7%
May 30, 2022UFOP reports declining use of oilseed meal in EU compound feeds-4.0%
May 10, 2022China Feed Industry Association: Four measures to combat the cost soaring of domestic feed ingredients+0.5%
Jan 29, 2024Soyameal offtake by domestic feed, food sectors down in Oct-Dec - The HinduBusinessLine+1.7%
May 19, 2026SunSirs: Analysis of the Impact of the USDA Soybean Meal Supply and Demand Report-1.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Soybean Meal SBM · GP ▸

——— · ·

Loading…