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Indian soybean prices in benchmark Indore markets rose about 76% from October to late November, from Rs 3,500 to around Rs 6,200 a quintal, and reached about Rs 6,700 in some markets. Trade sources cited uncertainty over whether GM soybean meal imports would be allowed beyond January 31 and speculative stockholding by growers.
Higher soybean and soymeal costs squeeze Indian poultry feed margins and oilseed crushers, while supporting farm-gate prices. Uncertainty over GM meal import rules adds upside risk to domestic meal prices.
business-standard.comSanjeeb MukherjeeDec 6, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
