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India's oilmeal exports rose 21% in April-November 2023-24 to 2.883 million tonnes, driven by soybean and rapeseed meal shipments. Indian soybean meal was priced competitively against Argentine supplies, which were short.
Argentine shortages and Indian competitiveness shift Asian soymeal and rapeseed meal demand toward India, supporting Indian-origin prices and easing pressure on Argentine offers.
thehindubusinessline.comBL Mangaluru BureauDec 18, 2023After 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.
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.
