# Soybean meal prices doubled; govt should permit import at zero duty: AIPBA | Economy & Policy News - Business Standard

> 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.

- Date: 2021-05-23 · published 2021-05-23T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/47162-soybean-meal-prices-doubled-govt-should-permit-import-at-zero-duty-aipba
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-07-21 | [SEA asks govt to allow soyabean meal import to help poultry industry  - The HinduBusinessLine](https://feedsoft.ai/events/46146-sea-asks-govt-to-allow-soyabean-meal-import-to-help-poultry-industry-the.md) | -1.4% | -1.1% |
| SBM | 2016-12-05 | [Demonetisation puts brakes on agri-commodity exports \| Demonetisation Impact - Business Standard](https://feedsoft.ai/events/73434-demonetisation-puts-brakes-on-agri-commodity-exports-demonetisation-impact.md) | +2.2% | -0.8% |
| 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 | 2022-03-14 | [Government suspends soybean exports as prices rise \| Buenos Aires Times](https://feedsoft.ai/events/14047-government-suspends-soybean-exports-as-prices-rise-buenos-aires-times.md) | -1.7% | -4.7% |
| SBM | 2025-01-01 | [China’s crop import curbs causing soybean shortage](https://feedsoft.ai/events/14701-china-s-crop-import-curbs-causing-soybean-shortage.md) | -3.4% | +1.0% |
| SOY | 2025-05-13 | [Biofuels policy changes can affect soybean prices - Brownfield Ag News](https://feedsoft.ai/events/15121-biofuels-policy-changes-can-affect-soybean-prices-brownfield-ag-news.md) | -1.4% | -0.8% |
| SOY | 2016-11-27 | [EPA Renewable Fuel Standard rallies soybean oil prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73744-epa-renewable-fuel-standard-rallies-soybean-oil-prices-agweek-1-source-for.md) | -1.8% | -5.4% |
| SOY | 2016-11-28 | [EPA Renewable Fuel Standard Rallies Soybean Oil Prices - farmdoc daily](https://feedsoft.ai/events/73747-epa-renewable-fuel-standard-rallies-soybean-oil-prices-farmdoc-daily.md) | -1.8% | -5.4% |

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/soybean-meal-prices-doubled-govt-should-permit-import-at-zero-duty-aipba-121052300574_1.html

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