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India's Commerce Secretary met China's customs authority (GACC) in Beijing on January 21-22, 2019 to press for market access for Indian agricultural products. Progress cited includes approval of six Indian mills to export rapeseed meal to China and a fishmeal and fish oil protocol, with soybean meal protocols at an advanced stage.
Expanded access for Indian rapeseed meal, soybean meal and fishmeal into China would add supply to those protein meal markets and could soften prices for feed buyers.
business-standard.comBusiness StandardJan 28, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
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.
