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India has allowed its first-ever imports of genetically modified soybean meal, with about 1.5 million tonnes expected to arrive within roughly 10 days to ease a severe domestic shortage. Importers say world soymeal prices are about 40% below domestic Indian prices, and Bangladesh may serve as a transshipment point for one company.
Large Indian GM soymeal imports add significant import demand into a tight market, supporting world soymeal prices, though the wide domestic-world price gap makes the import pull strong.
indiaitaly.comIICCI_CommunicationsAug 26, 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 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
