The National Commodity and Derivatives Exchange Ltd. (NCDEX), India’s leading commodity exchange, today announced the commencement of trading in Soybean meal futures.

Since Soybean crushing yields about 80% Soybean meal, the Soybean meal price becomes a complete reference for the entire Soy complex. India, being the 5th largest Soybean producer and exporter of Soymeal, the availability of a national price benchmark will help the entire Soy value chain from farmers, traders to millers, exporters and the entire feed industry which is the biggest demand driver for Soybean meal. 

The feed industry – poultry, livestock and dairy will now have an effective tool to manage their price risk and get transparent and relevant price signals.