# SEA asks govt to allow soyabean meal import to help poultry industry  - The HinduBusinessLine

> The Solvent Extractors' Association of India asked the government to allow soyabean meal imports, including GM varieties, until September 30 to help the poultry sector. The association said soyabean meal prices rose from about ₹36,000 a tonne in November to ₹71,000 in July, and that world supplies are available at less than half the domestic price.

- Date: 2021-07-21 · published 2021-07-21T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/46146-sea-asks-govt-to-allow-soyabean-meal-import-to-help-poultry-industry-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher Indian meal prices squeeze poultry feed margins and, if imports are allowed, would add export demand for world soybean meal and pressure domestic prices lower.

## Read by commodity

- SBM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-05-23 | [Soybean meal prices doubled; govt should permit import at zero duty: AIPBA \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/47162-soybean-meal-prices-doubled-govt-should-permit-import-at-zero-duty-aipba.md) | -0.7% | -6.8% |
| SBM | 2021-08-26 | [For the first time, India opens doors for genetically modified soya meal imports for poultryAgriculture](https://feedsoft.ai/events/45682-for-the-first-time-india-opens-doors-for-genetically-modified-soya-meal-imports.md) | -2.1% | -2.1% |
| SBM | 2021-07-29 | [Soybean meal needs reduced import tax](https://feedsoft.ai/events/46151-soybean-meal-needs-reduced-import-tax.md) | -0.7% | -1.2% |
| SBM | 2022-03-19 | [Argentina hikes export tax on soy oil, meal to 33% to combat inflation](https://feedsoft.ai/events/14044-argentina-hikes-export-tax-on-soy-oil-meal-to-33-to-combat-inflation.md) | +1.4% | -3.3% |
| SBM | 2021-08-20 | [Lower tax, higher tech help corn displace soya as Argentina's top crop - Markets - Business Recorder](https://feedsoft.ai/events/45421-lower-tax-higher-tech-help-corn-displace-soya-as-argentina-s-top-crop-markets.md) | +1.2% | -1.6% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/sea-asks-govt-to-allow-soyabean-meal-import-to-help-poultry-industry/article35440866.ece

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