Indian soybean meal market downturn
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Last Update: 2002-01-23
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Source: Internet
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Author: User
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Introduction: international agricultural trade network, January 21 After a strong rally on Friday, the soybean meal market in India has remained depressed for the past two days Good demand and higher CBOT soybean meal futures led to higher Indian soybean meal prices on Friday But Friday's weaker CBOT soybean meal futures put pressure on the Indian soybean meal market The Indian market also weakened on Tuesday, with small volume deals reportedly priced at INR 8450 per ton for port delivery Fas is 180 US dollars / ton, for is 173-174 US dollars / ton Buyers are waiting for CBOT to improve further Indian soybean meal market will continue to be affected by CBOT price trend, and the trade situation of Brazil and Argentina will affect Indian soybean meal market The South American market is not active at present Indian soybean meal continues to maintain good demand in the international market.
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