# India's soymeal exports to soar as drought trims Argentine supply

> Indian soymeal is being offered at about $580-585 per tonne FOB for March shipments, versus $598 for Argentine supply, according to exporters. Bangladesh, Vietnam and Nepal are buying Indian meal because it is cheaper and freight is lower.

- Date: 2023-02-15 · published 2023-02-15T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/37414-india-s-soymeal-exports-to-soar-as-drought-trims-argentine-supply
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentina's drought-cut output has lifted South American meal prices and opened a price gap that pulls demand toward Indian exports. This supports soymeal prices while Argentine supply stays tight.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-08-23 | [Brazil to lead soymeal exports as Argentina's production slumps - DatamarNews](https://feedsoft.ai/events/34666-brazil-to-lead-soymeal-exports-as-argentina-s-production-slumps-datamarnews.md) | +3.0% | -3.4% |
| 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 | 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 | 2021-03-22 | [EU soybean meal imports continue to fall amid tight S American supplies: sources](https://feedsoft.ai/events/48199-eu-soybean-meal-imports-continue-to-fall-amid-tight-s-american-supplies-sources.md) | -1.1% | -0.5% |
| SBM | 2018-04-10 | [Argentina buys most U.S. soy in 20 years after drought cuts crop](https://feedsoft.ai/events/65361-argentina-buys-most-u-s-soy-in-20-years-after-drought-cuts-crop.md) | -3.0% | -1.2% |
| SOY | 2026-10-21 | [Argentina plans to increase soybean crush and exports in 2026/27](https://feedsoft.ai/events/13773-argentina-plans-to-increase-soybean-crush-and-exports-in-2026-27.md) | -1.3% | — |
| SOY | 2017-08-23 | [Argentine biodiesel industry says U.S. duties will halt exports](https://feedsoft.ai/events/69539-argentine-biodiesel-industry-says-u-s-duties-will-halt-exports.md) | -0.3% | +3.9% |
| SOY | 2018-04-10 | [Argentina buys most U.S. soy in 20 years after drought cuts crop](https://feedsoft.ai/events/65361-argentina-buys-most-u-s-soy-in-20-years-after-drought-cuts-crop.md) | -0.5% | -4.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indias-soymeal-exports-soar-drought-trims-argentine-supply-2023-02-15/

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