# Soymeal exports likely to pick up soon as global prices rally: Report | News - Business Standard

> India's soymeal exports are expected to rise in coming months as global prices reach two-month highs. Indian traders have contracted about 300,000 metric tons for November and December shipments. US soymeal futures rose 20% in five weeks due to erratic weather in Brazil.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/33242-soymeal-exports-likely-to-pick-up-soon-as-global-prices-rally-report-news
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong export demand from India and higher global meal prices support soymeal prices, while redirected Indian supply could ease some tightness in other markets.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-02-12 | [Soyameal export projections cut by a fifth to 14 lt on weak global prices - The HinduBusinessLine](https://feedsoft.ai/events/31755-soyameal-export-projections-cut-by-a-fifth-to-14-lt-on-weak-global-prices-the.md) | -0.4% | -4.1% |
| 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 | 2022-04-19 | [India's oilmeals exports fall 37% to Rs 5,600 crore in FY22: SEA \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/41921-india-s-oilmeals-exports-fall-37-to-rs-5-600-crore-in-fy22-sea-economy-and.md) | -3.0% | -11.3% |
| 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 | 2022-08-05 | [More US Soybean Meal Exports Needed to Meet Global Demand \| CZ app](https://feedsoft.ai/events/40110-more-us-soybean-meal-exports-needed-to-meet-global-demand-cz-app.md) | +1.0% | -10.2% |
| SBO | 2023-01-18 | [India’s soymeal exports to jump as drought curbs Argentine supply: industry officials - Markets - Business Recorder](https://feedsoft.ai/events/10664-india-s-soymeal-exports-to-jump-as-drought-curbs-argentine-supply-industry.md) | -4.4% | -6.5% |
| SBO | 2021-07-22 | [Palm oil ends lower tracking weaker soy prices, declining export pace - Markets - Business Recorder](https://feedsoft.ai/events/46162-palm-oil-ends-lower-tracking-weaker-soy-prices-declining-export-pace-markets.md) | +0.7% | -3.5% |
| SBO | 2016-10-27 | [U.S. grains: Soybeans rise on export sales, soymeal gains - Grainews](https://feedsoft.ai/events/9239-u-s-grains-soybeans-rise-on-export-sales-soymeal-gains-grainews.md) | -2.1% | +2.6% |

## Sources

- business-standard.com: https://www.business-standard.com/industry/news/soymeal-exports-likely-to-pick-up-soon-as-global-prices-rally-report-123110900740_1.html

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