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The All India Poultry Breeders Association asked the government to cut soybean meal import duty to zero for five months because domestic soybean prices have doubled in a year to Rs 81,000 per tonne. The group said global prices are about half of Indian levels and that poultry farmers are reducing chick placements.
Tight Indian supply and high domestic prices could prompt duty cuts that pull in meal imports, supporting world meal demand. Reduced poultry placements would lower feed demand locally over time.
business-standard.comPress Trust of IndiaMay 23, 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.
Not enough comparable past events yet for a historical read.
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.
