# Soybean prices have soared 76% in domestic markets; here’s why - CNBC TV18

> 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.

- Date: 2021-12-07 · published 2021-12-07T12:00:00.000Z
- Category: market · region India · magnitude medium
- Page: https://feedsoft.ai/events/11708-soybean-prices-have-soared-76-in-domestic-markets-here-s-why-cnbc-tv18
- 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

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.

## Read by commodity

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

## Sources

- cnbctv18.com: https://www.cnbctv18.com/agriculture/soybean-prices-have-soared-76-in-domestic-markets-heres-why-11732362.htm

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