
India's soybean meal exports fell 11% in the 2024-25 oil marketing year to 2.023 million tonnes. SOPA said Indian meal priced above US, Brazilian and Argentine supplies, reducing demand in Germany, France, Nepal, Bangladesh and Kenya.
Lower Indian export availability removes some competition from export markets, but the price premium points to Indian meal being uncompetitive, so the effect on global meal prices is modest.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
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.