# Surge in soybean prices rattles trade and poultry industry alike | Current Affairs News National - Business Standard

> Indian soybean prices have surged in recent weeks, with the Soybean Processors Association blaming speculative trading on exchanges. Soybean planting in India is 8.7% behind last year after delayed monsoon rains in Madhya Pradesh and Rajasthan, and the poultry and livestock sectors are being squeezed by high meal costs.

- Date: 2021-07-26 · published 2021-07-26T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/46152-surge-in-soybean-prices-rattles-trade-and-poultry-industry-alike-current
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lagging Indian sowing tightens domestic supply and supports meal prices, which raises feed costs for poultry and cattle producers in India.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-28 | [High feed prices to affect profit margins of poultry farms in India \| Company News - Business Standard](https://feedsoft.ai/events/61237-high-feed-prices-to-affect-profit-margins-of-poultry-farms-in-india-company.md) | -0.8% | -1.5% |
| SOY | 2022-02-01 | [Organic Soybean Meal Prices Reach Tipping Point as Conventional Prices Surge - The Jacobsen](https://feedsoft.ai/events/12634-organic-soybean-meal-prices-reach-tipping-point-as-conventional-prices-surge.md) | +6.1% | +14.4% |
| SOY | 2021-06-18 | [Drought Expands in Iowa, Stressing Crops- as Soybean and Corn Prices Tumble \| Farm Policy News \| Illinois](https://feedsoft.ai/events/46422-drought-expands-in-iowa-stressing-crops-as-soybean-and-corn-prices-tumble-farm.md) | +3.1% | +9.4% |
| SOY | 2025-01-22 | [CBOT corn and soybean prices surge amid drought in Argentina – ProAgri Media](https://feedsoft.ai/events/11810-cbot-corn-and-soybean-prices-surge-amid-drought-in-argentina-proagri-media.md) | -2.1% | -3.3% |
| SOY | 2017-11-17 | [Grain, Soybean Futures Rise; Traders Watch Argentina Weather \| Fox Business](https://feedsoft.ai/events/5282-grain-soybean-futures-rise-traders-watch-argentina-weather-fox-business.md) | +2.2% | -0.5% |
| SBM | 2022-02-01 | [Organic Soybean Meal Prices Reach Tipping Point as Conventional Prices Surge - The Jacobsen](https://feedsoft.ai/events/12634-organic-soybean-meal-prices-reach-tipping-point-as-conventional-prices-surge.md) | +7.2% | +7.8% |
| SBM | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | +0.4% | +11.5% |
| SBM | 2024-03-27 | [Excessive rain and dry periods affect the soybean harvest in the South and Central-West - Revista Cultivar](https://feedsoft.ai/events/13583-excessive-rain-and-dry-periods-affect-the-soybean-harvest-in-the-south-and.md) | -2.7% | +1.9% |

## Sources

- business-standard.com: https://www.business-standard.com/article/current-affairs/surge-in-soybean-prices-rattles-trade-and-poultry-industry-alike-121072601421_1.html

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