Indian Soymeal Imports Seem Likely As I wrote on Tuesday, the Indian government is very concerned about the high price of domestic soymeal and the impact it will have on prices of chicken meat. For that reason, the government on Tuesday lifted the 15 percent tariff on imports of soymeal but stopped short of imposing a 10 percent tariff on soymeal exports. Elimination of the soymeal import tariff makes soymeal imports seem likely. According to news reports, the price of soymeal in India has risen 110 percent since early May to about $850/MT. The price rise is a result of concerns about the poor monsoon, tight supplies of soymeal in the market, and speculative holding of soybeans by farmers and traders. Large sales of soymeal to Iran also...