Soymeal Exports Hit by Non-Competitive Pricing

26-Jun-2026 12:34 PM

Indore: A sharp rise in wholesale soybean market rates and plant delivery prices has led to a massive increase in soymeal production costs, rendering export offer prices significantly high and uncompetitive.

Conversely, export offer prices for soymeal from top suppliers like Argentina, Brazil, and the US remain relatively low, attracting greater interest from Southeast Asian buyers.

It is worth noting that Southeast Asia has traditionally been the primary market for Indian soymeal, accounting for the largest share of exports; however, demand for Indian soymeal in the region has now weakened considerably due to the high prices.

Indian millers are importing large quantities of cheaper soybeans from Africa in an effort to bring soymeal prices down to competitive levels. Soybean imports into the country are projected to rise to 9 lakh tonnes during the 2025-26 marketing season.