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India's oilmeal exports fell 11% in April-October as Indian soymeal and rapemeal were priced above Brazilian and Argentine origins. October oilmeal exports were down 51% year on year.
Indian soybean seed prices are high and the government cut vegetable oil import duties, so India is unlikely to export for the next two to three months.
Indian meal is out of the export market for months, leaving more global meal supply to Brazil and Argentina and keeping Indian domestic meal available for local poultry feed.
benisonmedia.comAshwani VermaNov 25, 2021After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
