Soymeal Prices Fluctuate Based on Soybean and Soy Oil Prices

06-Feb-2026 06:04 PM

Indore. Although the poultry industry is demanding permission from the central government to import GM soymeal from abroad, citing high prices, the Soybean Processors Association of India (SOPA) is opposing this,

stating that it is not a permanent solution because the domestic market price of soymeal primarily fluctuates with the changes in the prices of soybeans and crude soy oil. The association has also provided statistical evidence to support its claim.

According to the association, on April 17, 2025, when the plant delivery price of soybeans in the Indore market was Rs. 46,000 per ton and the ex-factory price of crude soy oil in Indore was Rs. 1,21,000 per ton, the price of soymeal was recorded at Rs. 32,715 per ton.

However, on May 1, 2025, when the prices of soybeans and soy oil weakened, the price of soymeal also fell to Rs. 30,732 per ton.

After this, from June 2 to December 1, 2025, the price of soymeal saw limited fluctuations, hovering between Rs. 30,000 and Rs. 32,000 per ton. For a short period, the price of soymeal even reached Rs. 34,000-35,000 per quintal, but it could not sustain that level and fell again.

Subsequently, on January 2, 2026, when the plant delivery price of soybeans increased to Rs. 49,300 per ton and the price of crude soy oil reached Rs. 1,20,500 per ton, the price of soymeal also improved to Rs. 36,845 per ton.

Similarly, on January 31, 2026, the price of soybeans surged to ₹56,900 per ton and the price of crude soybean oil increased to ₹1,31,000 per ton, causing the price of soymeal to also rise to ₹43,872 per ton, which was realistic.

In the domestic market, soymeal production is sufficient to meet all industrial demand and requirements, and if large-scale imports of cheaper GM soymeal begin from abroad, it could severely impact soybean producers and crushers-processors.