Soymeal Exports Weaken Due to Uncompetitive Pricing

19-Mar-2026 12:34 PM

Mumbai: India’s soymeal exports have shown a decline due to higher domestic prices making them less competitive in the global market. During the 11-month period from April 2025 to February 2026, soymeal exports stood at 1.493 million tonnes, compared to 1.940 million tonnes in the same period last year.

According to monthly data for the current financial year, exports were recorded at 231,000 tonnes in April, 157,000 tonnes in May, 106,000 tonnes in June, and 184,000 tonnes in July. Shipments declined to 80,000 tonnes in August and 82,000 tonnes in September, before recovering to 180,000 tonnes in October. Exports were 113,000 tonnes in November, 115,000 tonnes in December 2025, 132,000 tonnes in January 2026, and 113,000 tonnes in February 2026.

For the full financial year 2024–25, total soymeal exports were 2.128 million tonnes, slightly lower than 2.133 million tonnes in 2023–24. However, exports have increased significantly over the past few years, from 1.022 million tonnes in 2022–23 and just 0.373 million tonnes in 2021–22.

Market experts say that Indian soymeal often becomes costlier than supplies from Argentina, Brazil, and the United States. Whenever this price gap widens, global buyers shift to cheaper origins, leading to a drop in demand for Indian soymeal exports.