Organic Soybean Meal Prices are Rising

Organic Soybean Meal Prices are Rising

 

Organic protein prices are rising. In Baltimore, organic soybean meal prices are offered at $1,275 per short ton on a truck customs cleared. Merchandisers have told The Jacobsen that large size has traded at $1,200 per short ton in the same location.  Prices in Pennsylvania are offered $40 higher at $1,310. It appears that the market is going to be short product in Q2 and prices now reflect very little organic soybean meal coming in from India. The issue is not whether some Indian suppliers are offering organic soybean meal to clients, is whether they can get the organic soybean meal to the U.S. Exporters from India are also having a difficult time getting the product to Europe.

Organic soybean meal in Europe, which is hard to come by, is trading near 1000-euros per metric ton. Organic soybean oil is trading near $1,300 per metric ton picked up at the crusher in western Europe. Sources in India tell The Jacobsen that…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

*all fields required

More from the author

04.29.2021

Organic Poultry Demand Remains Strong

04.22.2021

Organic Soybean Meal Anti-Dumping Case Dates Reported

04.13.2021

Organic Turkey Slaughter Trends Higher

Blog

05.04.2021

Fats, Oils, & Fuels Webinar 5/4/21: Customer Q&A

Fats, Oils, & Fuels Webinar 5/4/21: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, May...

05.04.2021

Soybean Oil Prices Set New Highs Despite Bearish Data

Soybean Oil Prices Set New Highs Despite Bearish Data

Vegetable oil futures were mixed on Tuesday as reports suggesting Indonesian palm oil production could rise by more than seven percent in 2021 weighed on palm oil prices. Meanwhile,...

04.29.2021

Profitability Continues to be a Moving Target for Hemp Operators

Profitability Continues to be a Moving Target for Hemp Operators

The economics of hemp production are a moving target at this stage of industry development.  A large part of this is due to the lack of historical hemp prices, and...

Latest Tweets

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Join us at our first virtual Hemp Conference looking at Hemp Fiber, Flower and CBD - https://thejacobsen.com/events/hemp-conference #hemp #cbd #cbg #industrialhemp

Load More...