Soymeal Price Correction Important Soybean prices in India have reached a new high of $750/MT in the country's production center, Indore. As a result, local soymeal prices have jumped to a high of $676/MT on the spot (Indore) and to $750/MT delivered to South India, making it unaffordable. High prices for soybean meal means that demand is switching to alternatives, but increased demand for these other protein meals has caused prices to grow. Rapeseed/mustard meal currently is selling at $265/MT against $250/MT about 10 days ago; peanut meal (45 percent protein) is being delivered at $603/MT against $540/MT about 10 days ago.The trade expects farmers to sell 300,000 MT of soybeans per month from April onward and to use about 1 MMT for see...