Organic soybean imports declined less than expected in April according to The Jacobsen. This has allowed organic soybean prices to slide above the $21 level in the North East and Mid-Atlantic. Organic soybean imports declined month over month in April and dropped 58% year over year. Container traffic in and out of India was hit hard especially at Nhava Sheva India’s largest container port. Overall throughput declined by 37% this April, compared to April 2019. Imports dropped by 20%, with a sharper fall in containerized exports. A port spokesperson reported that exports out of Nhava Sheva started to pick up in May.
The Jacobsen Jacobsen now forecast organic soybean imports to increase by less than 5K tons in May and rise…
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