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Indian soybean prices rose almost 76% in domestic markets from October to late November, with Indore prices moving from Rs 3,500 to about Rs 6,200 a quintal and near Rs 6,700 in some markets after November-end. Farmers held stocks in anticipation of higher prices, and uncertainty over GM soybean meal imports beyond January 31 contributed to the rally.
Elevated domestic soybean prices raise input costs for Indian poultry and meal processors, pressuring feed margins. Continued farmer stockholding tightens available supply and supports prices.
cnbctv18.comCNBCTV18.comDec 7, 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.
