Soybean meal is a high-protein feed product made from crushed and processed soybeans. It’s a common protein source in animal feed, especially for poultry and swine.
It is normally created by extracting the oil from soybeans and then grinding and processing the remainder into a dry, powdery substance.
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The resulting meal is high in protein, as well as other vital amino acids, vitamins, and minerals.
It is a low-cost, sustainable source of protein for animal feed that is commonly utilised in agriculture. It can be fed as stand-alone feed or as part of a well-balanced animal diet.
China, Brazil, and the United States are the top soybean meal-producing countries
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 price trend, including India Soybean Meal price, USA Soybean Meal price, pricing database, and analysis can prove valuable for 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:
Soybean meal is a high-nitrogen source, making it a popular organic fertiliser for crops. It can be used alone or in combination with other fertilisers.
It is a natural adhesive that can be used in the manufacture of wood products such as particleboard, plywood, and oriented strand board.
It can be used as a feedstock to make biodiesel, a renewable and environmentally beneficial alternative to standard diesel fuel.
It can be used in fish and prawn feed as a protein source. It is a less expensive and more sustainable alternative to fish meals, which are frequently produced from wild-caught fish.
It is found in a wide range of food products, including meat replacements, baked goods, and snack foods. It is also utilised in nutritional supplements and protein bars as a source of protein.
It can be utilised as a feedstock to make a variety of industrial compounds such as bioplastics, surfactants, and solvents.
Key Players:
- SunOpta Inc
- Grain Millers, Inc
- Adams Group
- Simmons Grain Company
- Professional Proteins Ltd.
Recent News
- 23 September 2022: The Chinese government has stated that they plan to reduce the usage of soybean meal in animal feeds in order to fulfill their goal of increasing food security.
23 September 2022: Soymeal spot prices in China reach all-time highs, indicating a commodities scarcity that will result in higher feed and hog costs. Prices in Shandong and Guangdong’s primary processing plants increased by 10%. As a result, supplies from the United States and Argentina will be imported, however, this may take some time.
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