# India’s soymeal exports to jump as drought curbs Argentine supply: industry officials - Markets - Business Recorder

> India's soymeal exports could more than double in 2022/23 to 1.5-2 million tonnes as drought in Argentina cut that country's soybean output forecast to 41 million tonnes. Oil mills have contracted around 260,000 tonnes for January and February shipments to Asian buyers.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/10664-india-s-soymeal-exports-to-jump-as-drought-curbs-argentine-supply-industry
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Cheaper Indian soymeal substitutes for tight Argentine supply, adding competitive export flows that could cap global meal prices. Argentina's drought shortfall is the underlying driver of the trade shift.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-06-20 | [Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder](https://feedsoft.ai/events/18881-brazil-s-soymeal-export-push-challenges-argentina-s-dominance-markets-business.md) | +1.2% | +5.7% |
| SBM | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | +1.7% | -3.9% |
| SBM | 2025-09-20 | [India’s oilmeal exports drop 12% in August as soybean meal shipments slip  - The HinduBusinessLine](https://feedsoft.ai/events/22988-india-s-oilmeal-exports-drop-12-in-august-as-soybean-meal-shipments-slip-the.md) | -4.4% | -1.1% |
| SBM | 2024-03-25 | [Argentina soymeal exports set to rise \| Latest Market News](https://feedsoft.ai/events/13933-argentina-soymeal-exports-set-to-rise-latest-market-news.md) | -2.4% | +1.0% |
| SBM | 2022-09-20 | [China’s soybean imports from Brazil plunge in August - Markets - Business Recorder](https://feedsoft.ai/events/14901-china-s-soybean-imports-from-brazil-plunge-in-august-markets-business-recorder.md) | -1.6% | -4.7% |
| SOY | 2024-12-20 | [China’s Nov soy imports from Brazil falls 25% y/y, US arrivals jump - Markets - Business Recorder](https://feedsoft.ai/events/14696-china-s-nov-soy-imports-from-brazil-falls-25-y-y-us-arrivals-jump-markets.md) | +1.8% | +10.8% |
| SOY | 2021-05-28 | [Corn consolidates after surge on export demand - Markets - Business Recorder](https://feedsoft.ai/events/47116-corn-consolidates-after-surge-on-export-demand-markets-business-recorder.md) | +3.0% | -13.5% |
| SOY | 2016-12-14 | [India’s soymeal exports to hit 3-year high as soybean output jumps – Customs Today Newspaper](https://feedsoft.ai/events/73549-india-s-soymeal-exports-to-hit-3-year-high-as-soybean-output-jumps-customs.md) | -2.2% | +0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40220941

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.