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Surging Soybean Meal Prices Prompt India Soybean Imports
12.06.2026 06:22 "Agro Perspectiva" (Kyiv) —
This month, India imports of soybeans for 2025/26 are raised 500,000 tons to 700,000 tons. In 2025/26, India had a smaller soybean crop, and soybean meal reached nearly 60 percent premium compared to U.S. origin. This surge in Indian soybean meal prices over the past month is driven by concerns over a weak monsoon impacting the upcoming kharif crop. As such, India is importing soybeans for crushing to support domestic consumption of soybean meal for animal feed and vegetable oil for human consumption. In 2024/25, India imported negligible quantities of soybeans on a record soybean crop and substantial use of dried distillers grains in feed rations. The implementation of India’s expanded ethanol mandate and record soybean production provided ample protein sources for feed rations, with soybean imports not needed. India does not purchase substantial volumes of soybeans from the major exporters (United States, Brazil, and Argentina) due to import restrictions on genetically engineered soybeans and soybean meal. Consequently, Sub-Saharan Africa is India’s primary soybean supplier, with Niger, Togo, and Nigeria the most prominent in recent years. The kharif soybean crop, India’s primary soybean harvest, is being planted this month. Meanwhile, trade of African soybeans to India will likely continue until harvest. India soybean production is forecast higher in 2026/27 with the soybean import forecast expected to fall to 200,000 tons. Source USDA
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