Due to low demand for Indian soybean meal in the international market, the country’s exports of this product fell by 11 per cent to 20.23 lakh tonne 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 per cent of India’s total soybean meal exports during the period under review were sent to these five countries, he said. According to the official, India’s soybean meal exports stood at 2.275 million tonne during the 2023-24 oil marketing year (October 2023 to September 2024).
