# High supply make soymeal prices drop 19% | Indore News - Times of India

> Indian soybean meal prices have fallen over 19% from a year earlier due to a bumper domestic harvest and weak overseas demand. SOPA reports India's 2016-17 soybean output at 108.789 lakh tonnes versus 69.288 lakh tonnes the prior year. Exports are stalled because Indian meal is priced above international rivals.

- Date: 2017-05-21 · published 2017-05-21T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/71065-high-supply-make-soymeal-prices-drop-19-indore-news-times-of-india
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy Indian supply and uncompetitive export pricing keep downward pressure on global soymeal values, a cheaper feed protein option for buyers. Exports are expected to stay near 1.2-1.5 million tonnes, limiting outside demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/city/indore/high-supply-make-soymeal-prices-drop-19/articleshow/58779857.cms

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