India's Soybean Meal Exports Fall by 11 % due to High Prices

India's soybean meal exports stood at 2.275 million tonnes during the 2023-24 oil marketing year

India's soybean meal exports stood at 2.275 million tonnes
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Due to low demand for Indian soybean meal in the international market, the country's exports of this product fell by 11 % to 20.23 lakh tonnes during the oil marketing year 2024-25 (October 2024 to September 2025), an organisation of processors said on Wednesday.

An official of the Indore-based Soybean Processors Association of India (SOPA) said that Germany, France, Nepal, Bangladesh, and Kenya emerged as the top importers of Indian soybean meal in the oil marketing year 2024-25.

About 55 % of India's total soybean meal exports during the period under review were sent to these five countries, he said.

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According to the official, India's soybean meal exports stood at 2.275 million tonnes during the 2023-24 oil marketing year (October 2023 to September 2024).

D N Pathak, SOPA's Executive Director, told PTI, "Indian soybean meal prices remain high compared to those from major exporters like the United States, Brazil and Argentina. This has led to a decline in demand for Indian soybean meal in the international market." Soybean meal is the product left after soybean oil is extracted in processing plants. This product is a significant source of protein and is used to produce food products like soy flour and soybean chunks, as well as animal feed and poultry and fish feed.

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