Argentina Soymeal at 6-Year Low — India at a Disadvantage

26-Jun-2025 05:30 PM

Argentina Soymeal at 6-Year Low — India at a Disadvantage
★ Soymeal FOB prices in Argentina have dropped to \$291 per metric ton, marking the lowest level in nearly six years. This decline is driven by rising global supply and weakening demand.
★ Meanwhile, Indian soymeal is priced at \$380–390 per ton, creating a price gap of \$90–100 — severely impacting India’s export competitiveness.
★ Indian soymeal exports may remain below 100,000 tons per month.
★ Demand from Europe is also weakening — with only one vessel (10,000 tons) scheduled for June.
★ Unless the price gap narrows or new demand emerges, Indian soymeal exports are likely to remain under pressure.