# Soyameal export projections cut by a fifth to 14 lt on weak global prices - The HinduBusinessLine

> Indian soymeal export projections for October 2023 to September 2024 were cut by about 20%, from 1.8 to 1.4 million tonnes, because Indian meal is priced $80-100/t above other origins on FOB basis. Domestic feed and food offtake was weaker than last year and crushing slowed.

- Date: 2024-02-12 · published 2024-02-12T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/31755-soyameal-export-projections-cut-by-a-fifth-to-14-lt-on-weak-global-prices-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Reduced Indian export availability removes some supply from world meal markets, though weak domestic demand and lower global prices offset this effect on prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-02-11 | [Soyameal exports down 64% in Oct-Jan on lower crushing, high prices - The HinduBusinessLine](https://feedsoft.ai/events/42781-soyameal-exports-down-64-in-oct-jan-on-lower-crushing-high-prices-the.md) | -1.4% | +10.3% |
| SBM | 2018-04-18 | [Soyameal exports lag on reduced bean crop - The HinduBusinessLine](https://feedsoft.ai/events/65597-soyameal-exports-lag-on-reduced-bean-crop-the-hindubusinessline.md) | -2.4% | +0.3% |
| SBM | 2021-05-19 | [Pricey soyameal could drag oilmeals’ exports lower in H1  - The HinduBusinessLine](https://feedsoft.ai/events/47164-pricey-soyameal-could-drag-oilmeals-exports-lower-in-h1-the-hindubusinessline.md) | -4.8% | -9.2% |
| SBM | 2026-06-12 | [Feed makers worried over rise in soyameal prices - The HinduBusinessLine](https://feedsoft.ai/events/18885-feed-makers-worried-over-rise-in-soyameal-prices-the-hindubusinessline.md) | -0.8% | +2.9% |
| SBM | 2025-12-17 | [Soyameal exports up 38% in Oct-Nov on strong European demand - The HinduBusinessLine](https://feedsoft.ai/events/21582-soyameal-exports-up-38-in-oct-nov-on-strong-european-demand-the.md) | -0.3% | -3.1% |
| SOY | 2018-02-14 | [Corn export projection better, soybeans worse - Brownfield Ag News](https://feedsoft.ai/events/66523-corn-export-projection-better-soybeans-worse-brownfield-ag-news.md) | +2.2% | +1.7% |
| SOY | 2018-09-24 | [Yen gets fleeting bid as China cancels trade talks - The HinduBusinessLine](https://feedsoft.ai/events/63280-yen-gets-fleeting-bid-as-china-cancels-trade-talks-the-hindubusinessline.md) | -0.2% | +1.1% |
| SOY | 2023-02-03 | [Soybean prices in Ukraine are falling against the backdrop of reduced export demand](https://feedsoft.ai/events/12881-soybean-prices-in-ukraine-are-falling-against-the-backdrop-of-reduced-export.md) | -1.0% | -0.2% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/soyameal-export-projections-cut-by-a-fifth-to-14-lt-on-weak-global-prices/article67838309.ece

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