India’s soybean meal exports fall by 11% as a consequence of excessive costs

On account of low demand for Indian soybean meal within the worldwide market, the nation's exports of this product fell by 11 per cent to twenty.23 lakh tonnes through the oil advertising yr 2024-25 (October 2024 to September 2025), an organisation of processors stated on Wednesday.

An official of the Indore-based Soybean Processors Affiliation of India (SOPA) stated that Germany, France, Nepal, Bangladesh, and Kenya emerged as the highest importers of Indian soybean meal within the oil advertising yr 2024-25.

About 55 per cent of India's whole soybean meal exports through the interval beneath overview have been despatched to those 5 nations, he stated.
Based on the official, India's soybean meal exports stood at 2.275 million tonnes through the 2023-24 oil advertising yr (October 2023 to September 2024).

D N Pathak, SOPA's Government Director, informed PTI, “Indian soybean meal costs stay excessive in comparison with these from main exporters like the USA, Brazil and Argentina. This has led to a decline in demand for Indian soybean meal within the worldwide market.” Soybean meal is the product left after soybean oil is extracted in processing vegetation. This product is a major supply of protein and is used to supply meals merchandise like soy flour and soybean chunks, in addition to animal feed and poultry and fish feed.