# India could allow soybean meal imports | 2021-08-17  | World Grain

> India will reportedly allow imports of up to 1.5 million tonnes of foreign soybean meal at a 16.5% basic customs duty, according to a USDA Foreign Agricultural Service report. Indian buyers have begun contracting meal from Bangladesh, Vietnam and US transshipments, with domestic prices at unprecedented highs.

- Date: 2021-08-17 · published 2021-08-17T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/45647-india-could-allow-soybean-meal-imports-2021-08-17-world-grain
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large Indian import demand for soybean meal supports global meal prices, particularly from Argentina and the US, and will tighten export availability for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | +1.8% | -1.8% |
| SBM | 2020-12-22 | [China to import record amount of soybeans \| 2020-12-22  \| World Grain](https://feedsoft.ai/events/49644-china-to-import-record-amount-of-soybeans-2020-12-22-world-grain.md) | +3.6% | +8.2% |
| SBM | 2018-05-17 | [Bunge to consider soybean exports to Argentina \| World-grain.com \| May 16, 2018 20:12 \| World Grain](https://feedsoft.ai/events/64866-bunge-to-consider-soybean-exports-to-argentina-world-grain-com-may-16-2018-20.md) | +1.1% | -8.9% |
| SBM | 2020-06-08 | [EU DATA: Soybean meal imports in 2019-20 rise 2% on year, soybean imports up 1%](https://feedsoft.ai/events/52700-eu-data-soybean-meal-imports-in-2019-20-rise-2-on-year-soybean-imports-up-1.md) | -0.0% | +2.2% |
| SBM | 2016-04-18 | [Indian soybean meal on the world market too expensive](https://feedsoft.ai/events/10299-indian-soybean-meal-on-the-world-market-too-expensive.md) | +5.3% | +22.0% |
| SOY | 2018-12-05 | [Argentina soybean imports soaring \| 2018-12-05  \| World Grain](https://feedsoft.ai/events/61426-argentina-soybean-imports-soaring-2018-12-05-world-grain.md) | +0.9% | -0.2% |
| SOY | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | -0.6% | +2.3% |
| SOY | 2020-12-22 | [China to import record amount of soybeans \| 2020-12-22  \| World Grain](https://feedsoft.ai/events/49644-china-to-import-record-amount-of-soybeans-2020-12-22-world-grain.md) | +4.2% | +10.2% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/15710-india-could-allow-soybean-meal-imports

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