What causes the high price of soybeans?
By May2k8
@May2k8 (18403)
Indonesia
26 responses
@owlwings (43910)
• Cambridge, England
3 Jan 21
It looks as though there has been a low harvest due to La Nina (a complementary Pacific weather pattern to El Nino), according to this article:
https://www.marketwatch.com/story/why-soybeans-may-be-headed-for-their-highest-price-in-6-years-11600450312
6 people like this
@owlwings (43910)
• Cambridge, England
3 Jan 21
On the other hand, this article lists the various factors which affect the price of soy beans. If your country imports from China, then the price rise is probably due to the fact that China doesn't have enough for its own needs.
https://materials-risk.com/soybean-prices-top-10-important-drivers/
5 people like this
@LowRiderX (22903)
• Serbia
4 Jan 21
@May2k8 I don't know what the reason could be, soybean is cheap here and we have it
1 person likes this
@May2k8 (18403)
• Indonesia
5 Jan 21
@LowRiderX The government also has a role to play in stabilizing prices, but every country has its own way.
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@LowRiderX (22903)
• Serbia
5 Jan 21
@May2k8 Yes, I believe ... every part of the world has a food that the price is rising, while on the other side of the world that food is very cheap ... I almost talked about that with one member
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@RebeccasFarm (90571)
• Arvada, Colorado
11 Jan 21
Are soy beans good for health
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@May2k8 (18403)
• Indonesia
11 Jan 21
@RebeccasFarm Soybeans will also make you sore if you have gout.
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@RebeccasFarm (90571)
• Arvada, Colorado
11 Jan 21
@May2k8 Oh I see I did not know this
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@jobelbojel (36237)
• Philippines
3 Jan 21
Maybe because of the weather. Was it affected by flood recently?
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@jobelbojel (36237)
• Philippines
3 Jan 21
@May2k8 and another reason would be the pandemic.
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@MarshaMusselman (38865)
• Midland, Michigan
16 Jan 21
I have no idea. Farmers do grow them in America to.
1 person likes this
@May2k8 (18403)
• Indonesia
12 Jan 21
Tofu is available in all countries while tempeh is only available in a few countries, and what is tempeh? You can read here:
@arunima25 (87861)
• Bangalore, India
3 Jan 21
There could be few possible reasons... A bad produce, more demand than supply etc.
1 person likes this
@May2k8 (18403)
• Indonesia
10 Jan 21
@arunima25 No, I only use those that have been processed into food that is ready to be cooked.
@arunima25 (87861)
• Bangalore, India
10 Jan 21
@May2k8 Oh! I see. Even in small size, the nutritional content and taste would be same. Do you use seeds or nuggets made out of it?? You use soy flour or milk??
1 person likes this
@Nakitakona (56484)
• Philippines
6 Jan 21
We don't import soybeans. We grow them.
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@snowy22315 (182795)
• United States
3 Jan 21
I guess you got your answer. I have no idea what soybean prices are like here.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
8 Jan 21
The price will certainly go up if there is a shortage on the supply. With all these issues, the effect could be felt now.
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@Letranknight2015 (52149)
• Philippines
5 Jan 21
Weve been doing imports ourselves because of the pandemic.
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@nitirrbb7 (4317)
• India
5 Jan 21
Soyabeans can be imported via India also they are pretty cheap here.
1 person likes this
@Babale (1866)
• Semarang, Indonesia
8 Jan 21
Now the soybean price is back to normal. It seems that the tactics of tempe and tofu craftsmen to stop their production have succeeded in forcing the government to step in to stabilize prices. And they can now reproduce without increasing prices.
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