Indian traders canceled 25,000 metric tons of soymeal export deals and secured 80,000 tons of soybean imports from Africa due to soaring domestic prices, sources revealed.
Local soymeal prices have jumped 41% in a month to ₹66,000 per metric ton
May 26, 2026
04:58 pm
What's the storyIndian traders have canceled 25,000 metric tons of soymeal export contracts for the first time since 2021.
The move comes as domestic prices have surged, reversing trade flows.
India cancels soymeal export deals, turns to Africa for soybean imports
India cancels soymeal export deals, turns to African soybean imports, sources say
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Indian traders have cancelled 25,000 metric tons of soymeal export contracts. This is the first time since 2021. They have also…
India halts soymeal exports due to rising domestic prices and shifts to importing soybeans from Africa.
The drop in Indian exports is likely to help suppliers in South and North America increase soymeal shipments to Asian buyers…
Higher global oil prices and tighter imports are boosting India's oilseed production, benefiting farmers and the economy, says…
Weight of branded oils being reduced on the sly
India's crude oil imports dropped 4.3% in April, yet the bill surged 50% amid soaring prices and reduced LNG imports.
