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Key Takeaway
- Factors affecting Soya Ext. (Ex-Indore) 48/2.5 prices: Prices are primarily influenced by soybean production, seed availability, mandi arrivals, crushing volumes and soybean meal inventories in Madhya Pradesh and surrounding markets. Since soybean extraction meal is a by-product of soybean oil extraction, soybean seed prices, soybean oil prices, extraction yields and crusher margins directly affect meal pricing.
- Demand from poultry, dairy, livestock and aquaculture feed manufacturers is a major driver, while the relative prices of rapeseed/mustard meal, sunflower meal, groundnut cake, cottonseed meal and other protein sources determine its competitiveness.
- Domestic feed demand, poultry sector growth, export demand, international soybean meal prices, CBOT soybean prices, currency movements and freight costs can significantly influence prices. Additionally, protein content, moisture, fibre, residual oil, quality specifications, seasonal soybean arrivals, inventory levels, processing capacity, government policies and trader activity contribute to short-term price movements.
About This Dataset
Soya Ext. (Ex-Indore) 48/2.5 refers to soybean extraction meal traded on an ex-Indore basis and primarily used as a high-protein ingredient in animal feed.
Breakdown of the Trading Term
- Soya Ext.: Soybean extraction meal/soybean meal produced after oil extraction from soybean.
- (Ex-Indore): Indicates Indore as the production, dispatch or price basis.
- 48: Specifies a minimum crude protein content of 48%.
- 2.5: Specifies a maximum silica/sand content of 2.5%.
Commercial Relevance:
Soybean meal is a major protein source for livestock and poultry feed, making protein concentration and impurity levels key commercial quality parameters.
Methodology
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