India’s soybean meal exports dropped by 11 percent to 20.23 lakh tonnes during the oil marketing year 2024–25 (October 2024 to September 2025), according to the Soybean Processors Association of India (SOPA). The decline, attributed mainly to higher prices and waning global competitiveness, has raised concerns within the agricultural export sector.

SOPA data revealed that India shipped about 55 percent of its total soybean meal exports to five key countries—Germany, France, Nepal, Bangladesh, and Kenya—during the review period. These nations remained the primary buyers despite the overall fall in demand. In comparison, India had exported 22.75 lakh tonnes during the previous oil year 2023–24, indicating a significant contraction in export volume.

Speaking to the press, SOPA’s Executive Director, D. N. Pathak, stated that Indian soybean meal was priced considerably higher than supplies from major exporting nations like the United States, Brazil, and Argentina. This price gap discouraged international buyers and made Indian soybean meal less attractive in global markets. High procurement prices of raw soybeans within India have reportedly made it difficult for local processors to offer competitive export prices.

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Soybean meal, a key byproduct obtained after extracting oil from soybeans, is widely used as a protein-rich ingredient in animal feed, poultry feed, and aquaculture. It also plays a role in the production of soy-based food items such as flour and textured soybean products. The fall in international demand has, therefore, impacted not just processors but also the broader agro-based industries dependent on steady export activity.

Industry analysts suggest that India’s export competitiveness could improve if domestic soybean prices stabilize and freight costs ease. They also highlight the need for government-backed incentives and trade agreements to expand export destinations beyond the current five major importers. Until then, India’s soybean meal exporters are likely to face a challenging year ahead amid stiff global competition.

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