Soymeal

The drop in Argentina's output has driven up the South American producer's prices, making Indian soymeal more competitive

Argentina has halted registration of export sales of soy oil and meal, the South American country's government said in a statement on Sunday, drawing swift condemnation from the industry

Soymeal millers, processors can hold stocks only up to their 90 days of production, says circular.

India allowed imports of genetically modified soymeal through three more ports, according to a government order seen by Reuters, facilitating overseas purchases of the animal feed in large volumes.

In a first, India is all set to import 1.2 mn tonne of genetically modified soyameal, used as livestock feed, after the environment ministry and DGFT cleared the air on the GM issue, an official said

The crops will take 2-3 years to reach farmer fields

For the week ahead, soymeal prices are expected to move towards Rs 35,500 per tonne

Increasing pressure due to new crop arrival of soy beans and disparity in meal exports would keep meal prices under pressure

Bangladesh, Vietnam and Japan are the key traditional buyers of Indian soymeal