Soybean meal prices in Thailand will remain high
Published Feb 29, 2024
Tridge summary
Thailand's soybean meal prices are expected to remain high until April due to delayed imports by local processing plants, as reported by the Thai Feed Mills Association. The price hike is attributed to the suspension of soybean imports. However, a decline of 10-15% in feed protein prices is anticipated midway through Q2, due to an increase in supply and reduced demand, especially from China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Due to the suspension of soybean imports, the price of soybean meal will remain high until April Soybean meal prices in Thailand will remain high until April as Thai soybean processing plants have delayed imports due to high prices, said Somphob Auesongtham, secretary-general of the Thai Feed Mills Association (TFMA). As of February 20, the soybean meal ex-factory price was USD 0.6/kg and the CBOT price was USD 0.39/kg. Mr ...
Source: Oilworld
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