- Pressemitteilung BoxID 662005
Prices for conventional soybean meal dropped significantly
Prices for soybean meal, both with 44 per cent and 48 per cent protein, have softened over the past several months. Since the beginning of the year, asking prices for 48 per cent protein soybean meal have dropped by 18 per cent to the current lowest level since April 2016 of EUR 296 per tonne. Similarly, the decline in prices for 44 per cent protein soybean meal over the past six months exceeded 19 per cent. Recent prices were at EUR 270 per tonne. In other words, asking prices for these two qualities collapsed by around 33 per cent from their June 2016 peaks. The reason for the declining trend is excessive supply of South American soybeans, Agrarmarkt Informations-Gesellschaft (AMI) explains. The abundant global supply also weighs on the prices of joint products such as soybean meal or soybean oil.
UFOP - Union zur Förderung von Oel- und Proteinpflanzen e.V.
The Union for the Promotion of Oil and Protein Plants e. V. (UFOP) represents the political interests of companies, associations and institutions involved in the production, processing and marketing of domestic oil and protein plants in national and international bodies. UFOP supports research to optimise agricultural production and for the development of new recycling opportunities in the food, non-food and feed sectors. UFOP public relations aim to promote the marketing of domestic oil and protein plant end products.
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