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India has extended the window for pulses and soymeal imports to arrive by January 31, 2022, after imposing stock limits on pulses. The government is acting ahead of state elections amid erratic monsoon rains and uncertainty over kharif harvests, and has also cut edible oil import duties.
Extended soymeal import access supports Indian demand for meal and tightens domestic supply, while the duty cuts on edible oils add to import demand.
indianexpress.comPartha Sarathi BiswasSep 15, 2021After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
