S O YA M E A L

ABHIJEET | NIRMAL | PHANI | SHAMEEM SHUBHRA |

V I N I YA

PRODUCT DESCRIPTION

98

By-product of extraction of Soya

bean oil
Protein supplement in Food & Feed

Full fat soya

bean
meal
Defatted

High energy concentration; 38%

Crude
protein concentration;
Intermediate
energy

concentration; 48% crude

soya-bean
protein
concentration;
meal,
Readily
digestible byCommonly
ruminant
Defatted
fed to swine, broilers & layers
containing
no
livestock; 44% Crude protein
Soya-bean
hulls
concentration
meal,

SOYA MEAL : CONSUMPTION TYPES

High concentrations of protein - an excellent balance of amino acids - highenergy content; elevated levels of lysine & amino acids - deficient in common
energy sources such as corn.
Very palatable - good amino acid balance; one of the highest levels of
essential amino acids (47.6 per cent) as a percentage of crude protein;
Heated soybean meal has a high intestinal digestibility.
The amino acid content complements that of the main cereals used in poultry
diets and is highly digestible by poultry of all types and ages.

Major protein source for non-meat consumers; Soy flour- basis for soy milk.

SUBSTITUTES FOR LIVESTOCK FEEDS : COMPARISON

Benchmarking analysis of nutritional content and digestibility of SBM with other substitute
products

Digestibility

Lysine content

EXTRACTION OF SOY-MEAL FROM SOYA-BEANS

79%

Soya

meal

18%

Soya

Oil

1
3%

Bushel
Waste
Soya Bean
10.7 lbs Crude
Soya Oil

47.5

lbs Soya

meal

39

lbs soy flour

MARKETING SYSTEM: THE VALUE CHAIN

Channel I: Producer Village

merchant Wholesaler Processor
Refiner Wholesaler retailer
Consumer

Channel II: Producer cooperative

society processor
retailer
consumer

Channel III: Producer wholesaler in

the regulated market processor
wholesaler retailer consumer

IMPORTANT MARKET FEATURES

India, a country with a large population, is experiencing rapid
income growth
Vegetarian population raising demand of non-meat source
Higher crush capacity utilization in the industry
Increased Soy Meal demand from Far East due to reduced crush
in China and Japan
Recovery of domestic and global poultry industry from avian flu
resulting in revival of demand for feed, thus benefiting Soy Meal
manufacturers;
India export approximately 65% of the total soy meal produced

MAJOR PLAYERS: GLOBAL & DOMESTIC

International Players: Traders and

Domestic Players: Traders

and Processors

Ruchi Soya

Adani Wilmar

Liberty Oil Mills

Vippy Industries

Sanwaria Agro

Dewas Soya

PEC Ltd. Exporters

Gujarat Ambuja Exporters

Processors

J-Oil Mills Inc (Japan)

Cargill Inc (US)

Heilongjiang Jiusan (China)

Bunge (US)

Louis Dreyfus (The Netherlands)

ADM (US)

Wilmar
(Singapore)

International

Limited

SOYA MEAL
THE TRENDS

GLOBAL & DOMESTIC PRODUCTION

Top global producers of soymeal for the
year 2015-16 and their % growth in the
next year is shown in the given graph
Highest production - China (64782 MT;
6.35% growth rate); Followed by US &
Argentina
India, being the 5th largest producer
(4700 MT) shows % growth of 54.9 in
the year 2016-17
Source: SEA; Agriwatch Oilseed Monthly research report, July 2016

Trends show increasing domestic

production since 1990s with a dip in the
years 2013, 2014 & 2015
But an overall diminishing growth is
seen on y-o-y domestic production
analysis
Source: USDA; Indexmundi.com

GLOBAL V/S DOMESTIC PRICE TRENDS

The bar graph shows volume of Indian
exports, whereas the red line shows the
valus in $ millions
In the first nine months of FY2015, Indias
soymeal exports were observed to be down
by 77.9%, as per The Dollar Business article
In the recent years, Soyabean meal exports
is showing a downward trend, due to
domestic
prices
much
higher
than
international prices
The bar graph shows declining exports on an
Y-O-Y basis; Green & red lines shows the
spread between International & domestic
prices prevailing
Soymeal prices in South America is 15%
cheaper than that in India

DOMESTIC FEED WASTE CONSUMPTION

The bar graph shows the global feed
waste consumption; China being the
biggest consumer, followed by US &
Brazil
India holds 6th position in terms of feed
waste consumption, with a volume of
4900 MT

The bar graph shows domestic feed

consumption from the year 1964 to
2016, whereas the red line shows the YO-Y growth
Since the last decade, the feed waste
consumption is showing a steady
growth

SOYA MEAL
MARKET
F E AT U R E S A N D E N V I R O N M E N T

DEMAND CHAIN ANALYSIS

Source:Lei Cui,ECONOMIC FACTORS THAT INFLUENCE SOYBEAN AND CANOLA PRICES ,B.S.
Beijing Normal University, P.R.China, 1997

SOYBEAN PRODUCTION: GLOBAL MAP

SOYBEAN CONSUMPTION: GLOBAL MAP

SOY MEAL CONSUMPTION: GLOBAL MAP

GLOBAL MEAT CONSUMPTION PROJECTIONS

A high influencer for consumption equation in crops model

CONSUMPTION PIE OF PROTEIN MEALS

Palm Kernel; 3% Peanut; 2% Other; 2%

Cottonseed; 4%
Sunflower; 5%
Rapeseed; 13%

Soybeans; 71%

Source: Soystats.com

SOYMEAL TRADE
Exporters

Importers

INTERNATIONAL ORGANIZATIONS FOR POLICY

MAKING ON SOYMEAL

SOY MEAL: INDIAN SUPPLY TREND

Attribute
Crush (1000 MT)

2014/201 2013/201 2012/201 2011/201 2010/201

5
4
3
2
1
7,600

8,300

9,900

9,650

9,300

Extr. Rate, 999.9999

(PERCENT)

0.80

0.80

0.80

0.80

0.80

Beginning Stocks
(1000 MT)

202

347

264

208

430

Production (1000 MT)

6,080

6,640

7,920

7,720

7,440

MY Imports (1000 MT)

6,289

6,994

8,191

7,935

7,878

Total Supply (1000

MT)

SOY MEAL: INDIAN DEMAND TREND

Attribute

2014/201 2013/201 2012/201 2011/201 2010/201

5
4
3
2
1

MY Exports (1000 MT)

1,650

2,742

4,354

4,391

4,800

Food Use Dom. Cons.

(1000 MT)

260

200

190

180

170

Feed Waste Dom. Cons.

(1000 MT)

4,030

3,850

3,300

3,100

2,700

Total Dom. Cons. (1000

MT)

4,290

4,050

3,490

3,280

2,870

349

202

347

264

208

6,289

6,994

8,191

7,935

7,878

4,290.00

4,050.00

3,490.00

3,280.00

2,870.00

Ending Stocks (1000 MT)

Total Distribution (1000
MT)
SME (1000 MT)

SOY MEAL: FUTURES

Contract Months: CBOT
August, September, October,
December,
January, March,
May, July
Contract Months: DCE
January, March, May, July,
August,
September,
November, December
Contracts Months: NCDX
January, February, March April,
May,
June,
July
October,
November

Factors influencing Soybean

Meal trading
Worldwide demand for protein
The global economic status
The fluctuating
dollar

value

of

the

Trans fat labeling requirements

Edible oil competition from other
fats and oils
Fluctuating biodiesel production
Livestock numbers

SOYMEAL: EXCHANGE (AN EXAMPLE)

CBOT: http://
www.cmegroup.com/trading/agricultural/grain-and-oilseed/soybean
-meal.html
DCE: http://www.dce.com.cn/portal/cate?cid=1114586565100
NCDEX: No Current Data Available

THANK YOU