Organic soybean meal prices are elevated, and they are likely to continue to rise as demand remains stable and there are few substitutes that nutritionists are likely to approve. Organic soybean meal prices FOB Indian are offered as higher as $830. The Jacobsen has seen quotes between $790-$830. Organic soybean meal prices on the east coast and the mid-west for domestic and imported organic soybean meal are slightly below $1k, while prices on the west coast have reached that milestone.
Despite the issue related to India’s certifying bodies in February and the subsequent crackdown on TQ and Lacon by APEDA (story in our weekly forecasting update), organic soybean meal made its way into the US in February. Approximately 14K metric tons made their way to US shores in February, with most of the volume landing on the West Coast of the United States. In sifting through the bills of lading that reflect the imports of organic soybean…
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