# Rising soybean rates cheer farmers, rattle poultry and oilseed extractors | Economy & Policy News - Business Standard

> 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.

- Date: 2021-12-06 · published 2021-12-06T12:00:00.000Z
- Category: market · region India · magnitude medium
- Page: https://feedsoft.ai/events/11706-rising-soybean-rates-cheer-farmers-rattle-poultry-and-oilseed-extractors
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CHICKEN: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/rising-soybean-rates-cheer-farmers-rattle-poultry-and-oilseed-extractors-121120601191_1.html

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