# Indian farmers hold soybeans as government measures cut prices

> Indian farmers are holding soybeans after government measures pushed local soybean futures down to around 5,200 rupees in late October. Prices have since recovered to about 6,600 rupees, still more than a third below early August levels.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/44077-indian-farmers-hold-soybeans-as-government-measures-cut-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Farmer holding and reduced Indian soybean supply can support local prices, while government price-suppressing measures limit import demand for soybean products.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-10-15 | [Government payments create funding cliff for farmers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/22381-government-payments-create-funding-cliff-for-farmers-agri-pulse-communications.md) | +2.4% | +10.6% |
| SOY | 2020-01-13 | [Argentine farmers increased forward selling of soybeans to avoid higher export taxes — MercoPress](https://feedsoft.ai/events/54931-argentine-farmers-increased-forward-selling-of-soybeans-to-avoid-higher-export.md) | -0.6% | -5.4% |
| SOY | 2019-05-21 | [U.S. to favour soybeans in trade war aid for farmers - Bloomberg](https://feedsoft.ai/events/58949-u-s-to-favour-soybeans-in-trade-war-aid-for-farmers-bloomberg.md) | +2.9% | +9.8% |
| SOY | 2019-08-15 | [Were southern soybean farmers at top of mind in the design of recent USDA tariff and disaster relief programs?](https://feedsoft.ai/events/57597-were-southern-soybean-farmers-at-top-of-mind-in-the-design-of-recent-usda.md) | -0.1% | +2.6% |
| SOY | 2026-07-21 | [Yakym: America First policy starts with Indiana agriculture, farmers  - Indiana Corn and Soy](https://feedsoft.ai/events/18310-yakym-america-first-policy-starts-with-indiana-agriculture-farmers-indiana-corn.md) | -1.4% | -2.0% |
| SBM | 2020-01-13 | [Argentine farmers increased forward selling of soybeans to avoid higher export taxes — MercoPress](https://feedsoft.ai/events/54931-argentine-farmers-increased-forward-selling-of-soybeans-to-avoid-higher-export.md) | +0.6% | -2.4% |
| SBM | 2022-05-23 | [Crude oil, Indonesian trade policy gyrations drive soybean oil prices - McKeany-Flavell](https://feedsoft.ai/events/41479-crude-oil-indonesian-trade-policy-gyrations-drive-soybean-oil-prices-mckeany.md) | +1.0% | +1.5% |
| SBM | 2025-07-09 | [Corn vs Soy: Argentina’s Farmers Weigh Taxes, Margins in Planting Plans](https://feedsoft.ai/events/13847-corn-vs-soy-argentina-s-farmers-weigh-taxes-margins-in-planting-plans.md) | -0.7% | +2.8% |

## Sources

- reuters.com: https://www.reuters.com/world/india/indian-farmers-hold-soybeans-government-measures-cut-prices-2021-11-23/

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