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Sunvin Group CEO Sandeep Bajoria says cheap DDGS from India's expanding corn ethanol sector is competing directly with oilmeals in animal feed. He adds that oil mills are struggling because their meals are not selling at proper prices.
He suggests millers may need to cut meal prices and, in turn, seed prices.
Cheap DDGS substitution pressures soybean meal and oilmeal prices in India, which weakens crush margins and oilseed prices.
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.