# India's soymeal sales to Iran surge to offset rupees-for-oil imbalance

> India's soymeal sales to Iran have surged as Iran uses rupee payments for oil and must spend them on Indian goods, while Iran lacks sufficient domestic protein-rich soymeal production. Higher meal exports are expected to support Indian soymeal prices.

- Date: 2019-01-16 · published 2019-01-16T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/12393-india-s-soymeal-sales-to-iran-surge-to-offset-rupees-for-oil-imbalance
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Increased Indian soymeal exports to Iran add demand for soybean meal, supporting meal prices and offsetting domestic oversupply that had depressed farm prices.

## Read by commodity

- SBM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-02-15 | [India's soymeal exports to soar as drought trims Argentine supply](https://feedsoft.ai/events/37414-india-s-soymeal-exports-to-soar-as-drought-trims-argentine-supply.md) | -0.8% | -2.3% |
| SBM | 2026-05-19 | [India soymeal exports to fall to four-year low on rising prices \| MarketScreener](https://feedsoft.ai/events/19327-india-soymeal-exports-to-fall-to-four-year-low-on-rising-prices-marketscreener.md) | -1.1% | -11.7% |
| SBM | 2018-01-18 | [India's soymeal exports could fall a fifth as prices rally: dealers](https://feedsoft.ai/events/6905-india-s-soymeal-exports-could-fall-a-fifth-as-prices-rally-dealers.md) | +5.5% | +14.1% |
| SBM | 2021-01-27 | [The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower](https://feedsoft.ai/events/49249-the-sharp-rise-in-prices-of-soybean-oil-will-support-prices-for-sunflower-oil.md) | -0.9% | -1.8% |
| SBM | 2026-01-19 | [Informist Media - Data Alert: India Dec oilmeal exports down 40% YoY, soymeal dn 59%, says SEA](https://feedsoft.ai/events/21147-informist-media-data-alert-india-dec-oilmeal-exports-down-40-yoy-soymeal-dn-59.md) | +2.0% | +5.5% |

## Sources

- reuters.com: https://www.reuters.com/article/india-iran-soymeal/indias-soymeal-sales-to-iran-surge-to-offset-rupees-for-oil-imbalance-idUSL3N1ZG25J/

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