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Soybean meal exports down 63% as stiff competition affects supplies
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Tuesday, 21 April, 2026, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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India’s soybean meal exports plummeted to 60,000 tonnes in March 2026, a sharp 63% drop from the 1.62 lakh tonnes recorded a year earlier. This decline stems from a widening price gap, as Indian soymeal face stiff competition from significantly cheaper supplies originating in Brazil and Argentina.
Additionally, geopolitical instability in West Asia and Red Sea shipping disruptions have throttled traditional trade routes to Gulf nations and West Asia, further impacting Indian exporters.
On the domestic front, the industry faces a complex paradox. As per reports, despite erratic weather patterns causing slight yield fluctuations, internal demand has reached record levels. Consumption surged to six lakh tonnes this March, up from five lakh tonnes in 2025, fuelled by a robust expansion in the poultry and livestock sectors.
While the domestic market remains a vital safety net, the soybean processors are feeling the weight of high freight costs and uncompetitive global pricing.
Market analysts suggest that without a correction in domestic soybean prices or a stabilisation of international logistics, the slump may persist through the next quarter.
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