Soybean Meal Prices, Trend & Forecasts | Provided by Procurement Resource
|Product Name||Soybean Meal|
|Region/Countries for which Data is available||
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||Our services can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after service delivery|
Request for Real Time Soybean meal Prices: https://www.procurementresource.com/resource-center/soybean-meal-price-trends/pricerequest
Soybean meal is a key ingredient added to animal and food feeds as a substitute for protein as well as a metabolizable energy source. It is made from the leftover residue of the oil extraction process that is commonly used in soaps and biodiesel, industrial oils etc. It is available in the form of a ground soybean cake, flakes, and chips. Almost all soybean meal includes ground soybean hulls.
Global leaders producing Soybean Meal are Argentina, Brazil, the United States, Netherlands, and Germany.
Key Details About the Soybean Meal Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Soybean Meal price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Soybean Meal pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Soybean Meal Price Trend:
The essential industrial use of soybean meal that is affecting its price trend includes its use in food and animal feed to fulfil the protein requirement and as a source of metabolizable energy. It also finds application in other products, including soy flour, in beverages like soy milk. It is also added to several dietary supplements and healthcare derivatives.
Key Market Players:
- SunOpta Inc.
- Grain Millers, Inc.
- Adams Group
- Simmons Grain Company
- Professional Proteins, Ltd.
News and Events:
- September 23, 2022 – The government of China declared that they intend to minimise the use of soybean meal in animal feeds in order to achieve their goal of boosting food security.
- September 23, 2022 – In China, soymeal spot prices soar to record highs indicating a commodity shortage resulting in increased feed and pork prices. The prices rose by 10 percent in the primary processing plants of Shandong and Guangdong. As a resolution, supplies from the US and Argentina will be imported, but it might take some time.
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