# Data show tight supplies, not speculation, driving soyabean prices - The HinduBusinessLine

> Indian domestic soybean prices have risen above ₹7,500 a quintal, well above the minimum support price of ₹3,880, squeezing processors. Trade estimates put the 2020-21 domestic soybean crop at around 10 million tonnes, below the government's 13.7 million tonne estimate.

- Date: 2021-04-22 · published 2021-04-22T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/47625-data-show-tight-supplies-not-speculation-driving-soyabean-prices-the
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A smaller Indian crop and record global vegetable oil prices tighten supply for soybean oil and meal importers. Processors' margin squeeze may reduce crush and support higher prices for soy products.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-04-08 | [Continues the speculative rise in prices for soybean and sunflower oil](https://feedsoft.ai/events/53736-continues-the-speculative-rise-in-prices-for-soybean-and-sunflower-oil.md) | -3.4% | -7.1% |
| SBO | 2023-11-23 | [El Nino poses risk to 2024 palm oil output in Indonesia, Malaysia - The HinduBusinessLine](https://feedsoft.ai/events/33277-el-nino-poses-risk-to-2024-palm-oil-output-in-indonesia-malaysia-the.md) | -1.1% | -5.2% |
| SBO | 2026-08-28 | [Soybean oil prices rose due to positive supply and demand prospects.](https://feedsoft.ai/events/10972-soybean-oil-prices-rose-due-to-positive-supply-and-demand-prospects.md) | +6.9% | +0.6% |
| SBO | 2024-10-25 | [Malaysia’s palm oil surge: What’s driving prices to biggest highs since 2022?](https://feedsoft.ai/events/4981-malaysia-s-palm-oil-surge-what-s-driving-prices-to-biggest-highs-since-2022.md) | +3.9% | +2.1% |
| SBO | 2016-11-24 | [Lower palm oil output into early next year likely to support prices - The Business Times](https://feedsoft.ai/events/6694-lower-palm-oil-output-into-early-next-year-likely-to-support-prices-the.md) | +2.1% | -5.6% |
| SOY | 2021-03-10 | [Soyabean surge on CBOT sows hopes of higher oilseed crop in India - The HinduBusinessLine](https://feedsoft.ai/events/6560-soyabean-surge-on-cbot-sows-hopes-of-higher-oilseed-crop-in-india-the.md) | -1.2% | -2.3% |
| SOY | 2020-09-11 | [La Nina may disrupt global food supply  - The HinduBusinessLine](https://feedsoft.ai/events/51042-la-nina-may-disrupt-global-food-supply-the-hindubusinessline.md) | +4.4% | +6.6% |
| SOY | 2021-03-11 | [Northern Ireland Grain Trade Association - TIGHT SUPPLY DRIVES UP FEED AND FERTILISER PRICES](https://feedsoft.ai/events/48430-northern-ireland-grain-trade-association-tight-supply-drives-up-feed-and.md) | +0.4% | +0.3% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/data-show-tight-supplies-not-speculation-driving-soyabean-prices/article34383207.ece

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