# Soyabean prices start easing as Govt allows import of more GM meal  - The HinduBusinessLine

> 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.

- Date: 2022-05-05 · published 2022-05-05T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/41488-soyabean-prices-start-easing-as-govt-allows-import-of-more-gm-meal-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-05-23 | [India: Indian government resumes GM-origin soybean meal imports \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/41490-india-indian-government-resumes-gm-origin-soybean-meal-imports-usda-foreign.md) | +1.0% | +1.5% |
| SBM | 2022-12-05 | [Lowered taxes to boost Argentine soyabean meal and oil exports](https://feedsoft.ai/events/13993-lowered-taxes-to-boost-argentine-soyabean-meal-and-oil-exports.md) | +9.8% | +13.7% |
| SBM | 2021-08-18 | [Relying on soybean meal alone can be risky - Food & Agribusiness](https://feedsoft.ai/events/45680-relying-on-soybean-meal-alone-can-be-risky-food-and-agribusiness.md) | -1.5% | -3.7% |
| SBM | 2025-01-27 | [Mind the gap in soybean meal - Walsh Trading](https://feedsoft.ai/events/13885-mind-the-gap-in-soybean-meal-walsh-trading.md) | -1.0% | -2.9% |
| SBM | 2018-02-19 | [Soya import ban sends poultry prices flying - Commercial Farmers' Union of Zimbabwe](https://feedsoft.ai/events/66651-soya-import-ban-sends-poultry-prices-flying-commercial-farmers-union-of-zimbabwe.md) | +1.0% | -3.9% |
| SOY | 2025-01-27 | [Mind the gap in soybean meal - Walsh Trading](https://feedsoft.ai/events/13885-mind-the-gap-in-soybean-meal-walsh-trading.md) | -1.3% | -2.5% |
| SOY | 2018-11-19 | [The Uncertain Future Of Soybean Futures \|
         News Local/State \| 
        Illinois Public Media](https://feedsoft.ai/events/62096-the-uncertain-future-of-soybean-futures-news-local-state-illinois-public-media.md) | -3.4% | +1.7% |
| SOY | 2021-06-16 | [Soybeans hit 2-month low as vegetable oil prices tumble \| Financial Post](https://feedsoft.ai/events/6441-soybeans-hit-2-month-low-as-vegetable-oil-prices-tumble-financial-post.md) | -4.9% | +0.1% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/soyabean-prices-start-easing-as-govt-allows-import-of-more-gm-meal/article65385279.ece

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