US Deal to Affect India’s Soybean Meal Exports to Bangladesh

06-Nov-2025 11:10 AM

Indore. The US and Bangladesh have reached an agreement under which the US will export soybeans worth $1 billion to Bangladesh.

This will significantly increase the supply and availability of soybeans and its products in Bangladesh, impacting soybean meal exports from India.

During the last marketing season (October 2024-September 2025), imports of Indian soybean meal into Bangladesh were slow, which has already caused concern among Indian exporters, and this concern is expected to increase further.

It is noteworthy that Bangladesh has traditionally been one of the major buyers of Indian soybean meal, but imports there declined significantly last season.

According to data received, during 2023-24, 3.02 lakh tonnes of soybean DOC was exported from India to Bangladesh, which declined by 46 percent to 1.63 lakh tonnes in 2024-25.

The executive director of the Indore-based Soybean Processors Association of India (SOPA) says that Bangladesh is importing large quantities of soybeans from the United States at low prices.

This has helped limit soybean imports in the 2024-25 marketing season. Imports of Indian soybean meal may also decline in the 2025-26 season as domestic supply and availability increases.

Bangladesh recently signed an agreement to import $1 billion worth of soybeans from the United States, meaning it will not import as much soybean meal from India.

According to the US Embassy in Dhaka, a group of three leading soybean crushing companies in Bangladesh has decided to import $1 billion worth of soybeans from the US over the next 12 months.

This agreement is significant for the US, as it is facing difficulties in shipping its soybeans due to the halt in exports to China.