# Demonetisation puts brakes on agri-commodity exports | Demonetisation Impact - Business Standard

> Demonetisation in India has reduced arrivals of farm commodities, causing exporters to miss November delivery commitments for cotton, groundnut and soya meal. Cotton exporters shipped about 700,000 bales against an order book of two million, and forward contracts for January have been halted.

- Date: 2016-12-05 · published 2016-12-05T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/73434-demonetisation-puts-brakes-on-agri-commodity-exports-demonetisation-impact
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Indian export deliveries and cancelled orders reduce near-term supply to world markets for cotton and soymeal, which tends to support prices for those products while the cash shortage lasts.

## Read by commodity

- CSM: bullish ▲
- SBM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-09-15 | [European bill passes to ban imports of deforestation-linked commodities](https://feedsoft.ai/events/39604-european-bill-passes-to-ban-imports-of-deforestation-linked-commodities.md) | -0.4% | -6.4% |
| SBM | 2021-05-23 | [Soybean meal prices doubled; govt should permit import at zero duty: AIPBA \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/47162-soybean-meal-prices-doubled-govt-should-permit-import-at-zero-duty-aipba.md) | -0.7% | -6.8% |
| SBM | 2022-08-20 | [All Eyes on Europe \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/40055-all-eyes-on-europe-global-oil-and-fats-business-online-gofbonline-com.md) | +4.8% | -4.0% |
| SBM | 2022-03-19 | [Argentina hikes export tax on soy oil, meal to 33% to combat inflation](https://feedsoft.ai/events/14044-argentina-hikes-export-tax-on-soy-oil-meal-to-33-to-combat-inflation.md) | +1.4% | -3.3% |
| SBM | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.5% | -0.8% |

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/demonetisation-puts-brakes-on-agri-commodity-exports-116120500941_1.html

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