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Indian soybean and soymeal prices fell about 7-8% in the week after the government allowed an extra 550,000 tonnes of genetically modified soymeal imports to ease feed costs. Soymeal ex-factory prices in Indore dropped to roughly Rs 52,000-53,000 per tonne from Rs 57,000-58,000.
Trade sources expect arrivals to improve in coming months.
Additional meal imports add supply to India's market and ease domestic feed costs, which pressures soymeal and soybean prices. Lower Indian import demand for Argentine and Brazilian meal could also weigh on global meal values.
thehindubusinessline.comVishwanath KulkarniMay 5, 2022After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
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.
