# Buyers abroad shun costlier Indian soyameal  - The HinduBusinessLine

> Indian soymeal exports more than doubled in fiscal 2020/21 to 1.546 million tonnes, driven by tighter Argentine and Brazilian supply and US and European demand for non-GMO meal. Shipments are now slowing because Indian meal is priced well above competing origins, at about $800 per tonne versus $500-550 elsewhere.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/47673-buyers-abroad-shun-costlier-indian-soyameal-the-hindubusinessline
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher Indian meal prices push buyers toward other origins, which keeps global soymeal demand concentrated on Argentina and Brazil and supports prices there; Indian supply should recover after October.

## Read by commodity

- SBM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-07-16 | [Indian soyameal outpriced in global market, exports slump 50% in June  - The HinduBusinessLine](https://feedsoft.ai/events/46147-indian-soyameal-outpriced-in-global-market-exports-slump-50-in-june-the.md) | +0.3% | -1.4% |
| SBM | 2023-12-18 | [Soyabean, rapeseed boost Indian oilmeal exports up by 21% in April-Nov - The HinduBusinessLine](https://feedsoft.ai/events/32821-soyabean-rapeseed-boost-indian-oilmeal-exports-up-by-21-in-april-nov-the.md) | -1.2% | -10.4% |
| SBM | 2018-09-27 | [Brazil-premium for soybeans could see Chinese buyers increasing shipments from the US - FreightWaves](https://feedsoft.ai/events/63102-brazil-premium-for-soybeans-could-see-chinese-buyers-increasing-shipments-from.md) | -0.1% | -0.5% |
| SBM | 2018-11-18 | [India steps up agro-diplomacy with China  - The Hindu](https://feedsoft.ai/events/62003-india-steps-up-agro-diplomacy-with-china-the-hindu.md) | -2.5% | -0.2% |
| SBM | 2025-10-29 | [India's soybean meal exports fall by 11% due to high prices - The Economic Times](https://feedsoft.ai/events/22478-india-s-soybean-meal-exports-fall-by-11-due-to-high-prices-the-economic-times.md) | +3.4% | +2.2% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/buyers-abroad-shun-costlier-indian-soyameal/article34442794.ece

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