Why India's soybean meal exports fell
Indian soybean meal exports fell 73% year on year in April–August. The report cites a price gap with global benchmarks, strong domestic feed demand and high freight costs.
· Feedsoft Markets Desk
TRANSCRIPT
Indian soymeal exports fell 73%. April–August shipments were 205,000 tonnes, down 73% from the same period a year earlier.
The reported price gap. Indian soymeal traded around $622 per tonne, versus global benchmarks near $445.
More than one factor. Cheaper South American supplies, strong Indian feed demand and high freight costs weighed on exports.
A smaller export presence. India shipped less soybean meal abroad during the period. Check the benchmark and freight basis when comparing prices.
Read the full analysis: feedsoft.ai/events/89072-india-s-oilmeal-exports-fall-28-5-as-soymeal-loses-to-brazil-argentina
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