India Seeks Resumption of Non-GMO Soy Product Exports to the U.S.

22-Apr-2025 12:01 PM

India Seeks Resumption of Non-GMO Soy Product Exports to the U.S.
★ Exports of organic non-GMO soybeans and soybean meal from India to the U.S. have come to a halt due to the imposition of safeguard duties by the United States. Previously, India exported 150,000–200,000 tons annually of these products.
★ The Solvent Extractors' Association (SEA) has urged the Ministry of Commerce to push for the resumption of these exports under the proposed Bilateral Trade Agreement (BTA) between India and the U.S.
★ Favorable forecasts from both the India Meteorological Department (IMD) and Skymet predict a above-normal monsoon (103–105%), which is expected to benefit kharif crops and the Indian economy overall.
★ The export ban on de-oiled rice bran, imposed in July 2023, has caused a 30% drop in production capacity among SEA member units. The SEA has appealed to the Prime Minister to lift the ban.
★ A shortage of rapeseed meal in Europe has driven prices up. SEA believes that if China relaxes regulatory restrictions, India could become a major supplier of rapeseed meal.
★ Duty-free imports of refined oil from Nepal are hurting domestic refineries. SEA has recommended the implementation of a Minimum Import Price (MIP) and a quota system to protect domestic producers.