# India plans more land for soybean, may trim palm oil imports | The Star

> India plans to expand soybean planting in the 2019 crop year as higher prices lure farmers away from cotton and pulses. Local soybean prices have risen about 14% since October, helped by India's higher import duties on cooking oils.

- Date: 2019-05-21 · published 2019-05-21T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/59166-india-plans-more-land-for-soybean-may-trim-palm-oil-imports-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Greater Indian soybean output could trim palm oil imports and boost soymeal exports to Asian buyers, adding supply to the meal market while reducing palm demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/05/22/india-set-to-plant-more-land-with-soybean-crops-as-prices-rally/

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